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Suppose a property you are seeking to purchase is valued at $ 2 0 0 , 0 0 0 . You can take out a

Suppose a property you are seeking to purchase is valued at $200,000. You can take out a loan of 80 percent from the bank, which amortizes in 30 years. The current market interest rate is 7.35 percent.
What would be the amount of your monthly mortgage payment?

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