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Cara Herschaft has a mortgage of $359,000.00 after making a down payment. The mortgage is for 30 years, assuming an interest rate of 8.00% and

Cara Herschaft has a mortgage of $359,000.00 after making a down payment. The mortgage is for 30 years, assuming an interest rate of 8.00% and monthly compounding what is the payment (PMT) they will make each month?

(a) $45.26 (b) $10,849.57 (c) $31,889.05 (d) $2,634.21

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