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Suppose you are buying your first house for $500,000, and are making a $100,000 down payment. You have arranged to finance the remaining amount with

Suppose you are buying your first house for $500,000, and are making a $100,000 down payment. You have arranged to finance the remaining amount with a 15-year, monthly payment, amortized mortgage at a 3.50% nominal interest rate. What will your equal monthly payments be

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