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Posted on Jul 22, 2024

Assume that you take out a 25 year mortgage for $365,000 at an annual interest rate of 4%, compounded monthly. What is your monthly payment?

Assume that you take out a 25 year mortgage for $365,000 at an annual interest rate of 4%, compounded monthly. What is your monthly payment? Round answer to nearest penny, 2 places after the decimal

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