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  3. 6. suppose ann borrows $120,000 through a 30 year

6. Suppose Ann borrows $120,000 through a 30 year fixed rate mortgage at 4% compounded...

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6. Suppose Ann borrows $120,000 through a 30 year fixed rate mortgage at 4% compounded monthly, and her loan to value ratio is 80%. What was the price of the house that Ann bought? (A) $100,250 (B) $120,000 (C) $140,000 (D) $150,000

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