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A fully amortizing mortgage loan is made for $1,000,000 at 9% interest for 30 years, payments are to be made monthly. Calculate the monthly payment.

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A fully amortizing mortgage loan is made for $1,000,000 at 9% interest for 30 years, payments are to be made monthly. Calculate the monthly payment. a. $7,536 b. $8,595 c. $9,139 d. $8,046 e. $9,621

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