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What is the monthly payment for a home costing $425,000 with a 30% down payment and the balance financed for 30 years at 6.5%? (a)

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What is the monthly payment for a home costing $425,000 with a 30% down payment and the balance financed for 30 years at 6.5%? (a) State the type. O sinking fund o ordinary annuity O present value O future value O amortization (b) Answer the question. (Round your answer to the nearest cent.) $

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