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jeff and Karen bought a house for $530 000. They made a 20% down payment and negotiated a five years term at annual rate 2.55%

  1. jeff and Karen bought a house for $530 000. They made a 20% down payment and negotiated a five years term at annual rate 2.55% for five years, amortized over 25 years. tvm solver or graphing calculator

a) Calculate the monthly mortgage payment

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