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You purchase a home using a loan that requires monthly payments of $ 4 0 0 starting one month from today for 3 0 years.

You purchase a home using a loan that requires monthly payments of $400 starting one month from today for 30 years. If the borrowing rate is 0.5% per month, what amount are you borrowing?
$59,101
$63,003
$65,179
$66,717
$71,000
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