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A mortgage broker offers to sell you a mortgage loan contract delivering month-end payments of $900 for the next 2 34 3 4 years. At

A mortgage broker offers to sell you a mortgage loan contract delivering month-end payments of $900 for the next 2 34 3 4 years. At that point, the principal balance of $37,886 is due and payable. What should you pay for the contract, if you require a return of 7.2% compounded monthly? (Round your answer to the nearest cent.) Price $ 62265.4

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