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You are considering purchasing a house that costs $175,000. Assuming you have $20,000 available for a down payment and plan to borrow the remainder over

You are considering purchasing a house that costs $175,000. Assuming you have $20,000 available for a down payment and plan to borrow the remainder over 15 years at 4.75% interest, your monthly mortgage payment will be

a. None of the other answers are correct

b. $10,663.57

c. $888.63

d. $1205.64

e. $9970.86

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