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When Jane and Patrick Baker were house hunting 5 years ago, the fixed rate on a 3 0 - year mortgage was 6 % with

When Jane and Patrick Baker were house hunting 5 years ago, the fixed rate on a 30- year mortgage was 6% with monthly compounding. After checking many houses, they finally decided to buy a home for $500,000. The couple decided to pay a 20% down payment and took a 30-year mortgage with monthly payments. What is Jane and Patricks monthly mortgage payment?
$2600
$2500
$2300
$2400

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