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You consider the purchase of a new house with a mortgage loan of $400,000, with equal monthly payment for 15 years. The first payment is

You consider the purchase of a new house with a mortgage loan of $400,000, with equal monthly payment for 15 years. The first payment is 1 month from now and your monthly interest rate is 0.3% What is your monthly mortgage payment?

A. 12,058.97

B. 2,222.22

C. 757.95

D. 2,879.21

E. 2,283.10

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