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Suppose you buy a house with a $100,000 loan. The mortgage rate is 6%, the mortgage matures in 30 years. The face value is zero.

Suppose you buy a house with a $100,000 loan. The mortgage rate is 6%, the mortgage matures in 30 years. The face value is zero. What is the MONTHLY payment? Select one: a. $6,505 b. $1,202 c. $600 d. $537

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