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2. You are considering buying a home for $250,000. If you make a down payment of $50,000 and take a mortgage loan on the rest

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2. You are considering buying a home for $250,000. If you make a down payment of $50,000 and take a mortgage loan on the rest of the purchase, what will be your monthly payment if your mortgage is for 15 years at an annual rate of 6% compounded monthly? [6 points] Answer in whole dollars: correct answer tolerance is $5

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