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Debt ratio Current ration Amoritization A young couple buys their dream house. After paying their down payment and closing costs, the couple has borrowed $400,000
Debt ratio Current ration Amoritization A young couple buys their dream house. After paying their down payment and closing costs, the couple has borrowed $400,000 from the bank. The terms of the mortgage are 40 years of monthly payments at an APR of 7% will monthly compounding. What is the monthly payment for the couple
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