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Suppose a homeowner enters into a mortgage for $100,000 for 360 months at a mortgage rate of 9.5%. What is the monthly mortgage payment? A.

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Suppose a homeowner enters into a mortgage for $100,000 for 360 months at a mortgage rate of 9.5%. What is the monthly mortgage payment? A. $840.85 B. $940.85 C. $860.85 D. $810.85

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