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The family bought a home 5 years ago for the sales price of $ 2 3 5 , 0 0 0 . Their loan is

The family bought a home

5

years ago for the sales price of $

235, 000 .

Their loan is for

30

years at a fixed rate of

6 %

APR with a

10 %

down payment. What is the monthly mortgage payment?

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