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You borrow some money on a mortgage loan. Your monthly payments are $750 to start with, on a loan with a 30-year amortization and monthly

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You borrow some money on a mortgage loan. Your monthly payments are $750 to start with, on a loan with a 30-year amortization and monthly payments. Your rate is 4% per year, compounded monthly. How much money did you borrow on this loan? 0 $138,750 O $187,500 O $123,766 O $157,096 0 $225,000

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