Question: A Milio obtains a $ 1 7 5 , 0 0 1 mortgage with monthly payments over 1 0 years. If the interest rate of

A Milio obtains a $175,001 mortgage with monthly payments over 10 years. If the interest rate of the mortgage loan is 8%, what is the monthly payment received by Milio? a. $863,000 b. $1,820,000 c. $957,000 d. $1,458,000

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