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Colorado Real Estate Final Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. In this case, what is the monthly interest in the first month? A: $225 B: $450 C: $425 D: $205 - A: 225 First, you take $30,000 and multiply it by 9% for the total annual interest paid, or $2,7...
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