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Suppose you plan to get a $100,000 mortgage loan for 30 years with a contract interest rate of 8 percent annually. What is the monthly

Suppose you plan to get a $100,000 mortgage loan for 30 years with a contract interest rate of 8 percent annually. What is the monthly payment when payments are due monthly with the first payment at the end of the first month?

A. $1,016.77

B. $8,882.74

C. $531.09

D. $733.76

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