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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.
Suppose the term of the loan is 25 years. What would be the amount of the new monthly mortgage payment?

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