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With interest rates at 4 . 8 7 5 % for a 3 0 - year fixed mortgage, Dan, age 4 8 , plans to

With interest rates at 4.875% for a 30-year fixed mortgage, Dan, age 48, plans to buy a house for $825,000. He wants to put half of the purchase price down. What will his monthly mortgage payment be for principal and interest?
$2,182.98.
$2,768.55.
$3,176.43.
$3,493.67.

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