What will be the amount of your monthly payment

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Having graduated from UCF with a degree in finance, you can now afford to buy a $120,000 house. Suppose you pay 20% as a down payment and finance the rest for 30 years at 8%. Assuming house payments occur at the end of each month, what will be the amount of your monthly payment? a) $881 d) $2,901 b) $64 e) $704 c) $847

Reference no: EM131308038

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