Real Estate Math
A Maine buyer's mortgage of $325,000 at 6.75% for 30 years uses a payment factor of $6.49 per $1,000. The monthly P&I payment is:
A$1,952.75
B$2,059.25
C$2,110.25✓ Correct
D$2,200.00
Explanation
$325,000 ÷ $1,000 = 325. 325 × $6.
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