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Suppose you want to buy a house today that costs $ 2 3 8 0 0 8 . The bank requires you to make a

Suppose you want to buy a house today that costs $

238008 .

The bank requires you to make a

20 %

down payment, but you can borrow the rest. If you are charged

3.01 %

APR and the mortgage is for

30

years, what is your monthly payment?

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