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Chadwick purchased a $129,000 home with 30-year term, 6% rate mortgage. At closing he paid a $10,000 down payment, requiring him to purchase private mortgage

Chadwick purchased a $129,000 home with 30-year term, 6% rate mortgage. At closing he paid a $10,000 down payment, requiring him to purchase private mortgage insurance (PMI) at a cost of $25 per month. Calculate Chadwickss monthly mortgage plus PMI payment.

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