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You are about to buy a new home you wish to borrow 230000. Your lender has agreed to finance this purchase. The rate quoted is

You are about to buy a new home you wish to borrow 230000. Your lender has agreed to finance this purchase. The rate quoted is 4.75%. You want a 20 year amortization period and a 5 year term. Additionally you have decided on monthly payments. What is the amount of your payment?

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