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Derek and Claire plan take out a loan to purchase a new home. They take out a 20 -year loan at 3.6% interest per year

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Derek and Claire plan take out a loan to purchase a new home. They take out a 20 -year loan at 3.6% interest per year compounded monthly. The new home is cost $220.000 and they plan to make a $10,000 dollar down payment, what is their monthly payment on this 20 year loan? found to the penny $

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