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Franklin is buying his first house he is putting a $20000 down payment on the house but has to take out a mortgage for the

Franklin is buying his first house he is putting a $20000 down payment on the house but has to take out a mortgage for the remaining $170,000 of the purchase price. Franklins bank has offered him a standard 30 year old mortgage with a 5.7% nominal interest rate. what would Franklins monthly mortgage payment be?

A)944.02

B)923.01

C)986.68

D)1,008.33

E)997.48

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