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An interest only mortgage is made for $80,000 at 10 percent interest for 10 years. The lender and borrower agree that monthly payments will be

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An interest only mortgage is made for $80,000 at 10 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant and will require no loan amortization. What will the monthly payments be? $534.45 0 $876.90 O $778.01 O $666.67

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