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You want to buy a house and will need to borrow $220,000. The interest rate on your loan is 5.47 percent compounded monthly and the

You want to buy a house and will need to borrow $220,000. The interest rate on your loan is 5.47 percent compounded monthly and the loan is for 20 years. What are your monthly mortgage payments? $1,502.78 $1,459.31 $1,585.11 $1,509.63 $1,530.30

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