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On March 31, you borrow $239,000 to buy a house. The mortgage rate is 7.75 percent compounded semi-annually. The loan is to be repaid in

On March 31, you borrow $239,000 to buy a house. The mortgage rate is 7.75 percent compounded semi-annually. The loan is to be repaid in equal monthly payments over 20 years. The first payment is due on April 30. Calculate your monthly payments? (5 pts)

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