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You take out a mortgage to buy a house worth $300,000. If the down payment is 30%, the annual interest rate is 6% compounded monthly,

You take out a mortgage to buy a house worth $300,000. If the down payment is 30%, the annual interest rate is 6% compounded monthly, and the term of the mortgage is 30 years, what are your monthly mortgage payments?

		a) $1,079
		b) $1,259
		c) $1,439
		d) $1,505
		e) $1,719

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