Annual Percentage Rate APR A family is purchasing a house and needs to finance a 195 000 mortgage from the Monthly Payment bank

Question

Annual Percentage Rate APR A family is purchasing a house and needs to finance a 195 000 mortgage from the Monthly Payment bank with an annual percentage rate APR of 5 3 The family is financing it over 30 years and making monthly payments What is the monthly payment 541 67 860 25 1082 84 1 LR MT 37 L

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