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You want to buy a house and will need to borrow $255,000. The interest rate on your loan is 5.89 percent compounded monthly and the

You want to buy a house and will need to borrow $255,000. The interest rate on your loan is 5.89 percent compounded monthly and the loan is for 25 years. What are your monthly mortgage payments?

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$1,707.16

$1,644.98

$1,617.92

$1,571.67

$1,625.86

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