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_____________ Jim and Jane just married and want to purchase a house. They have $80,000 for a down payment and want to purchase a $380,000

_____________ Jim and Jane just married and want to purchase a house. They have $80,000 for a down payment and want to purchase a $380,000 house. If they borrow the balance for 15 years at 5.5%, how much are their monthly payments?

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