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Consider a 30 -year, traditional mortgage on a $260,000 property. With 20% down payment and a 5% APR. Mortgage payments are made monthly. What is

image text in transcribed Consider a 30 -year, traditional mortgage on a $260,000 property. With 20% down payment and a 5% APR. Mortgage payments are made monthly. What is the 218 th payment? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67 )

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