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Natalie is applying to her friendly, neighborhood band for a mortgage of $500,000

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Natalie is applying to her friendly, neighborhood band for a mortgage of $500,000. The bank is quoting 4% APR with semi-annual compounding, for a fixed rate mortgage. Natalie would like to have a 25-year amortization period and wants to make monthly payments. What will her monthly mortgage payments be?

a) $2639.18

b) $2612.43

c) $2650.24

d) $2888.05

e) $2630.10