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Craig decides to purchase a property that's been valued at $ 4 7 5 , 0 0 0 . He has $ 8 0 ,
Craig decides to purchase a property that's been valued at
$
He has
$
available as a deposit, and will require a mortgage for the remaining amount. The bank offers him a
year mortgage at
interest. Calculate his monthly payment.
Round your answer to the nearest cent.
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