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Patty purchases a $340,000 house. She pays $60,000 down and takes out a 20-year mortgage with monthly payments, at an interest rate of 12% interest

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Patty purchases a $340,000 house. She pays $60,000 down and takes out a 20-year mortgage with monthly payments, at an interest rate of 12% interest compounded monthly. How much money will Patty have to pay each month? Patty will have to pay $ each month. (Round to the nearest cent as needed.)

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