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You want to buy a house, and a mortgage company will lend you $275,000. The loan would be fully amortized over 30 years ( 360

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You want to buy a house, and a mortgage company will lend you $275,000. The loan would be fully amortized over 30 years ( 360 months), and the nominal interest rate would be fixed at 5.25 percent, compounded monthly. What would be the monthly mortgage payment? a. S14,437.50 b. 518.402.16 CS1,518.56 d. $1,822.27 e. $9,801.39 What is the present value of an ordinary annuity that pays $5,000 per year for 5 years, assuming the annual discount rate is 9 percent? a. $3,249.66 b. $16,248.28 OC $22.935.78 d. $21.198,60 . $19,448.26

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