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20) You bought a house with a 30-year mortgage with loan size $200,000 and interest rate 5%. Assuming the total transaction cost is $5,000 and

20)

You bought a house with a 30-year mortgage with loan size $200,000 and interest rate 5%. Assuming the total transaction cost is $5,000 and your marginal income tax rate is 25%. What is your actual mortgage payment for the 3rd month?

Select one:

a. $903.75

b. $1073.64

c. $765.81

d. $865.81

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