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You purchase a $255,000 house and you pay 25 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 5.96 percent and

You purchase a $255,000 house and you pay 25 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 5.96 percent and there are 180 monthly payments. What is the monthly payment?

a. $1,580 b. $1,590 c. $1,600 d $1,610 e. $1,620 f. $1,630 g. $1,650

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