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(5) You take out a loan for $ 240,000 to buy a house amo over 20 years at 6%, compounded monthly. What's you monthly payment

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(5) You take out a loan for $ 240,000 to buy a house amo over 20 years at 6%, compounded monthly. What's you monthly payment (As usual, your first payment is in one month after you take out the loan, Your answer can be correct up to |7- 0.01) : (A) $1000 (B)$1719.43 (C) $3310.20 (D) $519.13

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