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Posted on Sep 20, 2024

Suppose you take a loan of $ 3 0 3 , 7 0 1 for a house for 2 4 years. The interest rate is

Suppose you take a loan of $

303, 701

for a house for

24

years. The interest rate is

6.39 %

percent, compounded monthly.

What is your monthly payment?

Enter the answer rounded off to two decimal places. Do not enter $ in the answer box. Remember to enter the final answer as a positive number.

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