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1. Elaine is in the process of purchasing a homeWhat will be Elaine's monthly payment if the initial mortgage that she obtains to purchase the

1. Elaine is in the process of purchasing a homeWhat will be Elaine's monthly payment if the initial mortgage that she obtains to purchase the home is for \$170,000 with an annual interest rate of 4.15%, compounded monthlyand the mortgage is payable over the next 30 years?
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