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QUESTIONS A mortgage requires the borrower to make monthly payments of $970.55 for the next 20 years. If the current interest rate on mortgages is

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QUESTIONS A mortgage requires the borrower to make monthly payments of $970.55 for the next 20 years. If the current interest rate on mortgages is 3.25%, what is the value of the mortgage? a. $171.113.76 b. $175,000.00 c. $232,932.00 d. $238.222.22 e. $0.00

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