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You bought an apartment building with $75,000 cash and a mortgage loan of $400,000. The loan was made at an interest rate of 4.25% and

You bought an apartment building with $75,000 cash and a mortgage loan of $400,000. The loan was made at an interest rate of 4.25% and requires monthly payments for 20 years. What are the monthly payments? a. $1,510.69 b. $2,476.94 c. $255.33 d. $1,840.21

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