Question 8 Upon graduating from UCI, you decide to buy a home in Irvine. You...
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Question 8 Upon graduating from UCI, you decide to buy a home in Irvine. You discover that based on your income and high credit score, you are qualified to borrow $474,378.76 from a mortgage lender and decide to take out a mortgage loan for this amount to buy the home. The current conventional 30-year fixed mortgage annual interest rate that you qualify to borrow at is 3%. How much total interest do you pay in the first two months? $2,371.89 $2.369.86 $1,630.14 $3,369.86
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