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Janet just purchased a $310,000 home. her down payment was $60,000, so your mortgage on the home is $250,000. She was able to obtain a
Janet just purchased a $310,000 home. her down payment was $60,000, so your mortgage on the home is $250,000. She was able to obtain a 15-year mortgage from your financial institution at a nominal annual rate of 5.4%. Her monthly payments will be made at the end of each month. What is her monthly payment?
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