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1. Along with your new car in ten years, you have decided to buy a new house now. Current mortgage rates are 5% per year,

1. Along with your new car in ten years, you have decided to buy a new house now. Current mortgage rates are 5% per year, and you have decided to finance the house for 30 years. The house you want is $1,000,000, and you are able to finance 75% of that. How much will your monthly payment be?

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