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A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5 percent. What would the monthly payment be? $694 $1,042

A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5 percent. What would the monthly payment be?

$694

$1,042

$1,342

$1,355

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