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If a Person Is Going to Borrow $360,000 for a Home

Question 91

Multiple Choice

If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $3,159.26 for 30 years the internal rate of return is


A) 0%.
B) 5%.
C) 10%.
D) 15%.

Correct Answer:

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