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16. You found your dream house. It will cost you $175,000 and you will put down $35,000 as adown payment. For the rest you get

image text in transcribed 16. You found your dream house. It will cost you $175,000 and you will put down $35,000 as adown payment. For the rest you get a 30-year 6.25% (p.a. effective) mortgage. What will beyour monthly mortgage payment (assume no early repayment)? a. $729 0. $389b. $862 (1. $605

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