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You borrowed $500,000 for your new house with a 30 -year fixed-rate loan at an annual interest rate of 4.2%. The first mortgage payment is

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You borrowed $500,000 for your new house with a 30 -year fixed-rate loan at an annual interest rate of 4.2%. The first mortgage payment is due exactly one month after you signed the contract. Your monthly mortgage payment is 2,623.33 $3,748.75 2,273.23 2,445.09

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