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You want to buy a house and will need to borrow $200,000. The interest rate on your loan is 5.23 percent compounded monthly and the

You want to buy a house and will need to borrow $200,000. The interest rate on your loan is 5.23 percent compounded monthly and the loan is for 30 years. What are your monthly mortgage payments?

Multiple Choice

$1,112.78
$1,101.93
$1,065.20
$1,157.03
$1,097.15

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