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Suppose you want to buy a house that costs $160,000. You are required to put 10% down, which means the amount to be borrowed is

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Suppose you want to buy a house that costs $160,000. You are required to put 10% down, which means the amount to be borrowed is 90% of the value of the houses. If you want a 30-year mortgage, and the borrowing rate is 8 6% APR, what would be your monthly payment? (Answer to the nearest)

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