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Betty purchased a home valued at $265,000. She was able to make a down payment of 10% of the purchase price. She financed the remaining

Betty purchased a home valued at $265,000. She was able to make a down payment of 10% of the purchase price. She financed the remaining portion with a loan at 4.2% interest for 25 years. Determine the monthly house payment necessary to amortize (pay off) the loan.

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