Question: You are considering purchasing a new home. You will need to borrow $260,000 to purchase the home. A mortgage company offers you a 15-year fixed

You are considering purchasing a new home. You will need to borrow $260,000 to purchase the home. A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 6% APR (0.5% month). If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: A. $3,510 B. $1,755 OC. $3,072 D. $2,194

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