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A couple is buying their dream house for $495,900.00. They will put 20.00% down and finance the rest with a 15.00-year mortgage with monthly payments.
A couple is buying their dream house for $495,900.00. They will put 20.00% down and finance the rest with a 15.00-year mortgage with monthly payments. The bank has offered them a loan with 3.48% APR and monthly compounding. What will be their monthly payment on this mortgage?
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