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A couple borrows $200,000 for a mortgage that requires fixed monthly payments over 32 consecutive years. The first payment is due in one month. If

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A couple borrows $200,000 for a mortgage that requires fixed monthly payments over 32 consecutive years. The first payment is due in one month. If the interest rate on the mortgage is 8%, which of the following comes closest to the amount of the monthly payments? a. $17,490.16 O b. $133,333.33 O c. $1,446.08 O d. $112.74

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