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The Taylor family is buying a new 3,500-square-foot house in Muncie, Indiana, and will borrow $227,300 from Bank One at a rate of 5.518 percent
The Taylor family is buying a new 3,500-square-foot house in Muncie, Indiana, and will borrow $227,300 from Bank One at a rate of 5.518 percent for 15 years. What will be their monthly loan payment?
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