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You are thinking about taking out a mortgage on a $225,000 condominium. You are quoted 3.75% on a year 30 year mortgage with monthly amortized

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You are thinking about taking out a mortgage on a $225,000 condominium. You are quoted 3.75% on a year 30 year mortgage with monthly amortized payments. What is your payment of principal and interest? (round to the nearest dollar) $703 $1042 O $1052 $12,619

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