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David wants to buy a house for $580,000 by borrowing this amount from a bank at 5.8 percent interest rate. The loan will be repaid

David wants to buy a house for $580,000 by borrowing this amount from a bank at 5.8 percent interest rate. The loan will be repaid in equal monthly payments over 20 years. Calculate the monthly payment on this home mortgage.

$3,310

$4,240

$4,088

$4,785

$3,624

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