You must pay 2 points for the loan what is your monthly


You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. You must pay 2 points for the loan. What is your monthly loan payment? a. $551.62 b. $577.42 c. $563.25 d. $574.52.

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Financial Management: You must pay 2 points for the loan what is your monthly
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