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Ms. Manifee would like to purchase a new condo for $124,000. She plans to make a down payment of $54,000 and to borrow the rest

Ms. Manifee would like to purchase a new condo for $124,000. She plans to make a down payment of $54,000 and to borrow the rest of the money from the bank. The bank charges an annual percentage rate of 4% compounded daily. She agrees to monthly payments to pay off the loan in 20 years. What is her monthly payment?

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