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#5 A couple is buying their dream house for $494,050.00. They will put 20.00% down and finance the rest with a 30.00-year mortgage with

 

#5 A couple is buying their dream house for $494,050.00. They will put 20.00% down and finance the rest with a 30.00-year mortgage with monthly payments. The bank has offered them a loan with 5.28% APR and monthly compounding. What will be their monthly payment on this mortgage? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

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