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Alfonzo bought a home for $ 1 8 0 , 0 0 0 , putting down $ 5 0 , 0 0 0 . The

Alfonzo bought a home for $180,000, putting down $50,000. The rate of interest is 7% for 20 years. Calculate (A) Alfonzo's payment per $1,000 and (B) his monthly mortgage payment.

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