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You need a 2 5 - year, fixed rate mortgage to buy a new home for $ 2 1 0 , 0 0 0 .

You need a 25-year, fixed rate mortgage to buy a new home for $210,000. Your mortgage bank will lend you the money at an annual interest rate of 5.2% APR. What is your annual payment?
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$6,354.69
$14,448.75
$8,400.00
$15,200.09

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