question archive How much will you pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3

How much will you pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3

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How much will you pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5% compounded annually

Multiple Choice

$1.985

$1991

$1,973

$1968

$1979 

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