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Sharon wants to buy a house for $300,000. She can make a down payment of $20,000. Her financial institution is quoting her a flve-year rate

Sharon wants to buy a house for $300,000. She can make a down payment of $20,000. Her financial institution is quoting her a flve-year rate of 7% compounded semi-annually. She wants to make monthly payments and amortize the loan over 25 years. What him payments? Please answer the question in the box provided. ( 3 marks)

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