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Suppose you are buying your first house for $210,000, and are making a $20,000 down payment. You have arranged to finance the remaining amount with

Suppose you are buying your first house for $210,000, and are making a $20,000 down payment.

You have arranged to finance the remaining amount with a 30-year, monthly payment, amortized

mortgage at a 6.5% nominal interest rate. What will your equal monthly payments be?

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