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A home buyer buys a house for $2,155,000. She pays 20% cash as a down payment and takes a fixed-rate mortgage for 17 years at
A home buyer buys a house for $2,155,000. She pays 20% cash as a down payment and takes a fixed-rate mortgage for 17 years at 7.70% APR. If she makes monthly payments, which of the following is closest to each of her payment?
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