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QUESTION 5 Suppose you want to buy a house that co s $580 000. You are equired toput 10% down, which means the amount to

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QUESTION 5 Suppose you want to buy a house that co s $580 000. You are equired toput 10% down, which means the amount to be borrowed i, 90% of the price of the house. If you want a 30 year mortgage, and the borrowi g rate is 8.4% APR compounded monthly, what would be your monthly payment? Answer to the nearest pomy

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