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You need a 33-year, fixed rate mortgage to buy a new home for $260,000. Your mortgage bank will lend you the money at an annual

You need a 33-year, fixed rate mortgage to buy a new home for $260,000. Your mortgage bank will lend you the money at an annual interest rate of 5.3% APR. What is your annual payment? O $15.996.37 $7,878.79 $16,844.17 O $7.579.40

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