Question: QUESTION 11 1. A couple borrows $200,000 for a mortgage that requires fixed monthly payments over 30 consecutive years. The first monthly payment is due

QUESTION 11 1. A couple borrows $200,000 for a mortgage that requires fixed monthly payments over 30 consecutive years. The first monthly payment is due in one month. If the interest rate on the mortgage is 3%, which of the following comes closest to the monthly payment? 2. $ 1,331 b.$ 1,199 $955 d. $ 1,074 e. $ 843 3 noints

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