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3. You have just entered into a contract to purchase a home. After shopping around, you decide on a $180,000 mortgage from a lender offering

3. You have just entered into a contract to purchase a home. After shopping around, you decide on a $180,000 mortgage from a lender offering a 30-year fixed rate mortgage with monthly payments at an annual interest rate of 7%. What is the monthly loan payment? Answer using Financial calculator keys.

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