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You purchase a $300,000 house and you pay 20 percent down. You obtain a 30 year fixed-rate mortgage where the annual interest rate is 3.25

You purchase a $300,000 house and you pay 20 percent down. You obtain a 30 year fixed-rate mortgage where the annual interest rate is 3.25 percent and payments are monthly. What is the monthly payment?

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$1,044.50 $1,203.48 $1,194.45 $1,389.35 $1,111.48

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