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Hiram, a real estate professional, is representing a client interested in purchasing a 10-unit apartment complex. To purchase the property, the client has negotiated

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Hiram, a real estate professional, is representing a client interested in purchasing a 10-unit apartment complex. To purchase the property, the client has negotiated a $300,000 mortgage with an annual interest rate of 8%, compounded semi-annually, and amortized over 10 years. To complete an analysis on the property, Hiram needs to know what the monthly mortgage payment is. If the mortgage payments are to be made in arrears, what is the monthly mortgage payment? A) $3,595.73 OB) $3,619.23 C) $3,486.92 D) $3,351.72

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