as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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calculate the monthly mortgage payment on a loan of $250,000 with a fixed annual interest rate of 4%.
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the monthly mortgage payment on a loan of $250,000 with a fixed annual interest rate of 4% would be $1197.92.
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