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You take out a mortgage to buy a house worth $300,000. If the down payment is 30%6, 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%6, the annual interest rate is 6% compounded monthly, and the term of the mortgage is 20 years, what are your monthly mortgage payments? a) $1,079 b) $1,259 O c) $1,439 d) $1,505 e) $1,719
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