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FICO Score APR 30 Year Term 20 Year Term 15 Year Term 770 789 5 5 5 68 6 88 8 17 750 769 6

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FICO Score APR 30 Year Term 20 Year Term 15 Year Term 770 789 5 5 5 68 6 88 8 17 750 769 6 0 6 00 7 16 8 44 730 749 6 5 6 32 7 46 8 71 710 729 7 0 6 65 7 75 8 99 690 709 7 5 6 99 8 06 9 27 Calculate the monthly payment for a 20 year term mortgage after a 20 down payment on a 281 700 00 purchas for a household with a 731 credit score Show your work 10 points

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