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Geoff has been approved for a mortgage on his new house. He borrows $500 000 for a term of 25 years at an interest

Geoff has been approved for a mortgage on his new house. He borrows $500 000 for a term of 25 years at an interest rate of 2.74%, compounded monthly. What will be Geoff's monthly payments? Select one: a. $1 802.65 b. $2.496.08 c. $2 056.34 d. $2 521.77 e. $2 304.00

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