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Consider a fixed-rate mortgage with the following characteristics: Original balance: $350,000 Annual mortgage rate: 8.25% Term: 35 years What should the monthly payment be? 833.33

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Consider a fixed-rate mortgage with the following characteristics: Original balance: $350,000 Annual mortgage rate: 8.25% Term: 35 years What should the monthly payment be? 833.33 None is correct O 2406.25 O 2549.72 D Question 24 3 pts Using the information of question 23, what is the scheduled principal repayment in the first month? 0 0 None is correct O 1716.39 O 143.47

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