Question: You as comidering purchasing a new home. You will need to borrow $220,000 to purchase the home: Amortgage company offers you a 15-year fixed rate

You as comidering purchasing a new home. You will need to borrow $220,000 to purchase the home: Amortgage company offers you a 15-year fixed rate mortgage (180 months) at 6% APR (0.5% month you borrow the money from this mortgage company, your monthly mortgage payment will be closest to BA $105 3146 OC $2.970 OD 12.00

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