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Intro You take out a 3 6 0 - month fixed - rate mortgage for $ 2 0 0 , 0 0 0 with a

Intro

You take out a

360 -

month fixed

-

rate mortgage for $

200, 000

with a monthly interest rate of

1 % .

Part

1

Attempt

\frac{1}{10}

for

0.9

pts

.

What is the monthly payment?

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