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Suppose you want to buy a house that costs $790,000. You are required to put 10% down, which means the amount to be borrowed is

Suppose you want to buy a house that costs $790,000. You are required to put 10% down, which means the amount to be borrowed is 90% of the value of the house.

If you want a 30-year mortgage, and the borrowing rate is 7% APR, what would be your monthly payment?

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