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Susan just purchased her first house valued at 200000. She paid a down payment of 20000, and took out a fixed rate mortgage loan for
Susan just purchased her first house valued at 200000. She paid a down payment of 20000, and took out a fixed rate mortgage loan for the balance from the bank. The loan is payable in monthly installments over a 15 year period at interest rate 6% per year. How much is her monthly mortgage payment?
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