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9. A borrower takes out a 30 -year mortgage loan for $285,000 with an interest rate of 4.125%. What would the monthly principal-and-interest payment be?

9. A borrower takes out a 30 -year mortgage loan for $285,000 with an interest rate of 4.125%. What would the monthly principal-and-interest payment be? (A) $1,295.14 (B) $1,312.92 (C) $1,381.25 (D) $1,425.10 (E) Not enough information

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