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After graduating with your degree, you have decided that it is time to buy your first home. The condo you want costs $400,000 and you

After graduating with your degree, you have decided that it is time to buy your first home. The condo you want costs $400,000 and you have $50,000 for a down payment. The bank will lend you $350,000 at a rate of 6%, compounded semi-annually, and amortized over 25 years.
How much is your monthly payment?

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