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The price of a home is 250 000 The bank requires a 15 down payment and two points at the time of closing The home

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The price of a home is 250 000 The bank requires a 15 down payment and two points at the time of closing The home is financed with a 20 year mortgage at 6 5 compounded monthly Find the amount of the monthly payment Payment 11 1 1 1584 34 1863 93 2798 18 1552 66

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