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Assume you just bought a new home and now have a mortgage on the home. The amount of the principal is $200,000, the loan is

Assume you just bought a new home and now have a mortgage on the home. The amount of the principal is $200,000, the loan is at 8.10% APR, and the monthly payments are spread out over 25 years. What is the loan payment? Use a calculator to determine your answer.

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