Real Estate Math
A Delaware buyer qualifies for a $340,000 mortgage at 6.5% interest. What is the first month's interest charge?
A$1,841.67✓ Correct
B$1,758.33
C$2,210.00
D$1,566.67
Explanation
Monthly interest = $340,000 × (0.065 ÷ 12) = $340,000 × 0.
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