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Joan wants to buy a house. The cost of the home is $150,000 and she will need to take out a $125,000 mortgage on the

Joan wants to buy a house. The cost of the home is $150,000 and she will need to take out a $125,000 mortgage on the property. She would like to pay for this home over the next 30 years. Please calculate Joan's monthly payment on the mortgage using a 4% interest rate. This payment would not include her escrow of taxes and insurance on the property

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