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7.You are purchasing an investment property for $500,000 and obtaining a loan at 80% LTV. A lender will offer financing at 8.00% on a 30-year

7.You are purchasing an investment property for $500,000 and obtaining a loan at 80% LTV. A lender will offer financing at 8.00% on a 30-year amortization schedule. What are your monthly payments?

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