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You are borrowing $255,000 to purchase a home. The loan agreement requires a monthly payment based upon a 4.5% quoted APR over 20 years. What

You are borrowing $255,000 to purchase a home. The loan agreement requires a monthly payment based upon a 4.5% quoted APR over 20 years. What is your monthly mortgage payment? (Round to two decimal places)

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$1,549.99

$1,326.33

$1,613.26

$1,783.87

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