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10. You are planning to buy a house that costs $400,000 today. You have a down payment of $40,000 so only need to borrow $360,000

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10. You are planning to buy a house that costs $400,000 today. You have a down payment of $40,000 so only need to borrow $360,000 to buy the house today; you will borrow the rest from a bank. What would be your MONTHLY payments on the bank loan given an interest rate of 4.8% per year and a mortgage loan of 30 years

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