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Your organization takes out a 25-year mortgage in the amount of $750,000. The mortgage carries an annual interest rate of 4% and the monthly payments

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Your organization takes out a 25-year mortgage in the amount of $750,000. The mortgage carries an annual interest rate of 4% and the monthly payments are $3,958.78, due at the end of each month. The mortgage payment made at the end of the first month will consist of a principal repayment in the amount of (select one): A. $2,500.00 O B. $1,463.64 C. $2,495.14 D. $1,458.78 E.$1,468.52

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