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With interest rates near an all-time low, a family decides to purchase their dream home. The house will cost $350,000. The family will pay 20%

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With interest rates near an all-time low, a family decides to purchase their dream home. The house will cost $350,000. The family will pay 20% as a down payment, and finance the remaining balance with a 15 -year fixed rate mortgage. The mortgage will call for monthly payments at a 4.20% APR. What is the monthly payment on the loan? (round to nearest dollar)

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