[Solved] ________________What is the mortgage paym

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________________What is the mortgage payment on a $250,000 loan if the annual interest rate is 6% and the loan will be paid in monthly installments

________________What is the mortgage payment on a $250,000 loan if the annual interest rate is 6% and the loan will be paid in monthly installments over 30 years (i.e., 360 monthly installments)?

A. $694.44

B. $700.73

C. $1,498.88

D. $1,650.00

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