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You purchase a $255,000 house and you pay 20 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 7.07 percent and
You purchase a $255,000 house and you pay 20 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 7.07 percent and there are 360 monthly payments. What is the monthly payment? O $1,194.45 $1,203.48 $1,367.22 O $1,504.35 29
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