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A family is purchasing a house and need to finance a $195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3%. The

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A family is purchasing a house and need to finance a $195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3%. The family is financing it over 30 years and making monthly payments. What is the monthly payment? P. ". ( 1 + 1) Monthly Payment = (1+ ! )" -1 O a) $908.32 b) $1120.45 O c) $1082.84 O d) $756.32

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