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You are about to buy a $ 4 0 0 , 0 0 0 house. You plan to put 2 0 % down payment and
You are about to buy a $ house. You plan to put down payment and
borrow the rest of the purchase price. The bank is offering a year mortgage with
APR, monthly compounding. What will be your monthly payment? Round your
answer to two decimal places.
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