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A man buys a house worth $1,300,000. He puts 15% down and is financing the rest for 20 years at an annual rate of 3%

A man buys a house worth $1,300,000. He puts 15% down and is financing the rest for 20 years at an annual rate of 3% a year

Property appreciates by 0.1% a month

What is the value of the property after 60 months?

monthly payments=$6,128.30

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