Question 7 3 pts
7. Lena and Jose are buying a $470,000 home. They have been approved for a
3.75% APR mortgage. They made a 10% down payment and will be closing on
September 13. How much should they expect to pay in prepaid interest at the
closing?
O $1,468.75
O $470.00
O $1,321.88
$738.80

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