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Calculate the monthly payment for a mortgage based on the following information: Loan amount of $250,000, interest rate of 7% and repayment of 30 years

Calculate the monthly payment for a mortgage based on the following information: Loan amount of $250,000, interest rate of 7% and repayment of 30 years ( 360 months). $1,663 $2,247 $694 $9,108

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