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23. You want to purchase a house. The bank will loan you $125,000 at 4.25% annual interest compounded monthly. You will have 20 years

23. You want to purchase a house. The bank will loan you $125,000 at 4.25% annual interest compounded monthly. You will have 20 years to pay back the mortgage loan. Most nearly, what will be your monthly payment? (A) $775 (B) $830 (C) $885 (D) $925

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