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4. You are planning to purchase a house using a mortgage loan where the payments are to be made monthly. The bank offers you a

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4. You are planning to purchase a house using a mortgage loan where the payments are to be made monthly. The bank offers you a 30-year mortgage loan with a 20% down payment requirement at an interest rate of 0.33% per month. The price of the house is $400,000. What will the amount of each monthly payment be? (25 points) (No need to show any calculation. Only the result will be graded.)

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