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You have taken out a $450,000 mortgage that has a quoted rate of 5.7% (compounded semi-annually) and requires end-of-month payments over 20 years. What is

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You have taken out a $450,000 mortgage that has a quoted rate of 5.7% (compounded semi-annually) and requires end-of-month payments over 20 years. What is the monthly payment for this mortgage? $3,147 $3,130 $3,159 $3,138 $3,115

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