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The Martins are excited about buying their first home. They need to borrow $ 1 8 0 , 0 0 0 to make the purchase.

The Martins are excited about buying their first home. They need to borrow $180,000 to make the purchase. Their local credit union is giving them a 30-year mortgage, with equal monthly payments, and a great rate of 5.325%. How much is their monthly payment?
a) $1002.34
b) $2461.62
c) $1364.27
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