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Nahla Burtoni is buying her first home for $125,000. She has been granted
a mortgage loan at an annual interest rate of 8.5% for 20 years with a
$25,000 down payment. Closing costs are 2% of the amount of the
mortgage loan and will be financed as part of the mortgage. What is the
actual amount financed with the mortgage?
O $100,000
O $102,000
O $120,000
O $125,000
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