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Consider a 30-year, traditional mortgage on a $130,000 property. With 20% down payment and a 3% APR. Mortgage payments are made monthly. What is
Consider a 30-year, traditional mortgage on a $130,000 property. With 20% down payment and a 3% APR. Mortgage payments are made monthly. What is the 218th 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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