You are considering purchasing a new home. You will need to borrow $ 200 comma 000 to purchase the home. A mortgage company offers you a 20 -year fixed rate mortgage (240 months) at 12 % APR (1 % month). If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to:
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Home » Business » You are considering purchasing a new home. You will need to borrow $ 200 comma 000 to purchase the home. A mortgage company offers you a 20 -year fixed rate mortgage (240 months) at 12 % APR (1 % month).