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Ally is an executive in Manhattan. She is planning to buy a condo in Greenwich, CT. The price is $500,000 and she plans to put

Ally is an executive in Manhattan. She is planning to buy a condo in Greenwich, CT. The price is $500,000 and she plans to put down 20%.

The interest rate is 3% on a 15-year loan. What is her monthly payment for principal and interest?

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