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Use the information below to answer question 7. Suppose you have just closed on a new home. Now you have a 30-year, $200,000 mortgage with

Use the information below to answer question 7. Suppose you have just closed on a new home. Now you have a 30-year, $200,000 mortgage with a contract rate of 3.45 percent (APR) to be repaid with monthly principal and interest payments. 7. What is your monthly payment

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