Question: After putting a 2 0 % down on a home, a bank will loan you the remaining balance of $ 2 0 0 , 0

After putting a 20% down on a home, a bank will loan you the remaining balance of $200,000. This bank loan has an APR of 9%. You will make monthly payments. The loan is a 20-year loan. What is the monthly annuity payment under this schedule?

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