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A mortgage lender will offer 8 0 % financing on a home. The house you choose is priced at $ 2 7 9 , 0

A mortgage lender will offer 80% financing on a home. The house you choose is priced
at $279,000 and you opt for a 6.50% mortgage loan over 30 years paid monthly.
What is your monthly payment amount?
a. $1,410.78
b. $1,427.68
c. $1,703.37
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