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QuizMultiple Choice

Mortgages

Question 1 of 10 • SEPHS - BUS 240 - Personal Finance (Summer)

Julio just bought a $267,900 house. He had a 20 year mortgage with a fixed rate of 5.875%. Julio’s monthly payments are $1,558.09. What percent of the purchase price was Julio’s down payment?a.13%b.15%c.18%d.20%

Answer
A
A
B
B
C
C
D
D
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