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Mathematics, 06.05.2020 23:00 shyiann7910

Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. In order to lower her monthly payment, Melissa will make a 20% down payment and will purchase 3 points. What will her monthly mortgage payment be?

A. $645.98

B. $650.46

C. $662.93

D. $606.69

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