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# To Finance Their New Home, the Tiballis Have Agreed to an $80,000 Question 49 Multiple Choice Question 49 Multiple Choice ## To finance their new home, the Tiballis have agreed to an$80,000 mortgage loan at 8.75% APR. What will their monthly payments be if the loan has a term of 20 years?

A) $\ 8608.14$
B) $\ 7000.00$
C) $\ 706.97$
D) $\ 362.50$
E) $\ 4313.29$

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