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When Jane and Patrick Baker were house hunting 5 years ago, the fixed rate on a 3 0 - year mortgage was 6 % with
When Jane and Patrick Baker were house hunting years ago, the fixed rate on a year mortgage was with monthly compounding. After checking many houses, they finally decided to buy a home for $ The couple decided to pay a down payment and took a year mortgage with monthly payments. What is Jane and Patricks monthly mortgage payment?
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