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3 6 9 2 5 B The price of a home is $290,000. The bank requires a 10% down payment at the time of
3 6 9 2 5 B The price of a home is $290,000. The bank requires a 10% down payment at the time of closing. The mortgage on the house is a 20-year, fixed rate mortgage at 7%. Use this information to find the amount of the monthly payment. Round your answer to the nearest cent. Use the formula below to solve the problem. Payment PA [1-(1+] 1) $2,248 2) $2,124 3) $2,012
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