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Calculate the amount of monthly payment for principal and interest for a $195,000, 8 percent, 25- year loan. The payment per $1,000 debt under these

Calculate the amount of monthly payment for principal and interest for a $195,000, 8 percent, 25- year loan. The payment per $1,000 debt under these terms is $7.7182. $933 $1,300 O $1,505 O $1,214

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