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Dave & Mary Jones are buying a house for 162000. They can get a loan for 70% of the purchase price at 8% with monthly

Dave & Mary Jones are buying a house for 162000. They can get a loan for 70% of the purchase price at 8% with monthly payments for a 30-year term. What is their monthly payment? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00).

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