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When Kim Western purchased her house 2 0 years ago, she took out a 3 0 - year mortgage for $ 3 0 0 ,

When Kim Western purchased her house

20

years ago, she took out a

30 -

year mortgage for $

300, 000 .

The mortgage has a fixed interest rate of

6

percent compounded monthly. Compute Sarah

s monthly mortgage payment at the end of each month.

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