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xYou are considering purchasing a house that costs $ 1 0 0 , 0 0 0 . Assuming you have $ 2 0 , 0

xYou are considering purchasing a house that costs $100,000. Assuming you have $20,000 available for a down payment and plan to borrow the remainder over 15 years at 5% interest, your monthly mortgage payment will be _____.(Hint -- you are paying back the $80,000 that you are borrowing today).
A. $588.19
B. $632.63
C. $702.27
D. $646.29

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