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Assume Janice recently bought a new house. Janice took out a mortgage loan for $100,000 to purchase the house. The bank requires monthly payments for

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Assume Janice recently bought a new house. Janice took out a mortgage loan for $100,000 to purchase the house. The bank requires monthly payments for next 30 years. Janice's loan rate (APR) is 4.375%, compounded monthly. How much is her monthly payment? a) $491.94 b) $277.78 Oc) $499.29 Od) $484.65 Oe) $6,049.18

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