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14) You are about to sign a 30-year mortgage contract. The terms are as follows 1. Down payment = 25% 2. Monthly payments of $1,800

14) You are about to sign a 30-year mortgage contract. The terms are as follows 1. Down payment = 25% 2. Monthly payments of $1,800 3. First payment starts one month away from today 4. Interest rate = 3.6% APR What is the value of the house today

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