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Posted on May 19, 2024

You are about to purchase your first home, and after putting the down payment you are about to take a loan for $ 4 5

You are about to purchase your first home, and after putting the down payment you are about to take

a loan for $

450, 000 .

The current annual rate for a

30 -

year mortgage is

7.83 %

compounded monthly. a

)

What is your monthly mortgage?

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