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Chad Dulle wants to purchase a house boat for $515,000. He made a down payment of 20 percent in cash and financed the balance. The

image text in transcribed Chad Dulle wants to purchase a house boat for $515,000. He made a down payment of 20 percent in cash and financed the balance. The loan terms require monthly payments for 15 years at an annual percentage rate of 3.25%. What is Chad's monthly mortgage payment? $2,861 $2,895 $3,619 $2,287 $1,793

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