Question: you are considering purchasing a new home. you will need to borrow $290,000 to purchase the home. a mortgage company offers you a 20-year fixed

you are considering purchasing a new home. you will need to borrow $290,000 to purchase the home. a mortgage company offers you a 20-year fixed rate mortgage (240 months) at 12% APR (1% month). if you borrow the money from this mortgage company, your monthly mortgage payment will be closest to? A) $5109, B) $3193, C) $4470, D) $2254

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