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Chapter 2, Section 2.9, Additional Question 01 A homebuyer wishes to take out a mortgage of $200,000 for a 30-year period. What monthly payment is

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Chapter 2, Section 2.9, Additional Question 01 A homebuyer wishes to take out a mortgage of $200,000 for a 30-year period. What monthly payment is required if the interest rate is 4%? Carry out all calculations exactly and round the final answer to two decimal places. The required monthly payment is $ the absolute tolerance is +/-0.01

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