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Franklin is considering a 15 year mortgage because friends have told him that a 30-year mortgage is too long and he'll lose a lot of

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Franklin is considering a 15 year mortgage because friends have told him that a 30-year mortgage is too long and he'll lose a lot of money to interest. If Franklin can get a 15-year, $150,000 loan at a nominal interest rate of 4.5%, what would Franklin's monthly mortgage payment be? $1,008.33 $1,344.35 $1,265.79 $1,147.49 $1,425.39

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