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A Bank will provide a 15-year, fully amortizing $150,000 mortgage at 4.5% payable monthly in arrears. What is the payment? a. $1,089.34 b. $1,114.90 c.

A Bank will provide a 15-year, fully amortizing $150,000 mortgage at 4.5% payable monthly in arrears. What is the payment?

a. $1,089.34

b. $1,114.90

c. $1,147.49

d. $1,219.01

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