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Tom and Mary just purchased a home for $250,000. They financed a loan of $200,000 for 30 years at 5%. What would be their monthly

Tom and Mary just purchased a home for $250,000. They financed a loan of $200,000 for 30 years at 5%. What would be their monthly payment (P & I only)?

$1199.10

$1342.05

$1498.88

$1073.64

$954.83

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