Real Estate Math
A Colorado buyer's loan is $385,000 at 6% for 30 years. Using the factor of $6.00 per $1,000 (approximate), what is the monthly payment?
A$1,925
B$2,100
C$2,310✓ Correct
D$3,850
Explanation
Monthly payment = ($385,000 ÷ $1,000) × $6.00 = 385 × $6.
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