Question: You plan to purchase a $250,000 house using a 30-year mortgage obtained from your local bank. The mortgage rate offered to you is 3.75 percent.

You plan to purchase a $250,000 house using a 30-year mortgage obtained from your local bank. The mortgage rate offered to you is 3.75 percent. You will make a down payment of 20 percent of the purchase price. Which of the following is correct? Round your calculations/answers to two decimals. I. The monthly payment is $926.23. II. The interest payment portion of the 60th monthly payment is $362.12. III. The principal repayment portion of the 180th monthly payment is $526.57. Group of answer choices I only II only I and II only I and III only I, II, and

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