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Calculate the total payments on a $100,000 mortgage if payment is made at the end of each month, and the annual interest rate is 6.375%

  1. Calculate the total payments on a $100,000 mortgage if payment is made at the end of each month, and the annual interest rate is 6.375% for 15 years.

    a.

    $156,085

    b.

    $155,565

    c.

    $154,742

    d.

    $162,101

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