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6 The buyers are obtaining a loan of 115 000 in purchasing their new home...

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6 The buyers are obtaining a loan of 115 000 in purchasing their new home The interest rate is 8 25 The settlement date is June 13 and the buyers have be told that their first monthly payment is not due until August 1 Which of the following is true a There will be a charge of 447 95 to the sellers for July interest b There will be a debit of 448 02 to the buyers for July interest c The September payment will be a balloon payment covering interest for July August and September d The September payment will cover interest for July and August

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