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Today, you plan on purchasing a $365,000 residential property in Norwood. Fifth Third Bank is willing to finance the entire home purchase with a 20-year
Today, you plan on purchasing a $365,000 residential property in Norwood. Fifth Third Bank is willing to finance the entire home purchase with a 20-year mortgage loan at 5.25% interest, compounded monthly. What is the amount of each monthly payment?
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