Question: You are considering purchasing a new home. You will need to borrow $280,000 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 $280,000 to purchase the home. A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 12% APR (1% month). If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: O A $3,360 B. $5,376 Oc52,688 D. $4,704

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