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For ahouse costing $250,000 with a 5% down payment and a loan of the remaining 95% of the cost of the house. The APR on
For ahouse costing $250,000 with a 5% down payment and a loan of the remaining 95% of the cost of the house. The APR on the loan is 6%, and the repayment is in equal monthly installment over the next 30 years. What is the amount of the monthly payment.
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