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If the monthly payment is $8,750.00 for a 25-year fully amortizing mortgage that has an annual interest rate of 5.50%, what is the initial loan

If the monthly payment is $8,750.00 for a 25-year fully amortizing mortgage that has an annual interest rate of 5.50%, what is the initial loan amount?

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$1,487,120

$1,513,009

$1,458,982

$1,424,878

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