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Calculate the total payment on the following piggyback loan. First Mortgage of 700k with an interest rate of 4% and a 30 year term. The

Calculate the total payment on the following piggyback loan. First Mortgage of 700k with an interest rate of 4% and a 30 year term. The junior debt is a 70k HELOC with a rate of 8% and a 20 year term.

A. $3927.42

B. $3692.01

C. $3808.57

D. $3341.91

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