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You are about to take out an amortizing mortgage (term loan) for $490,000 with monthly payments to buy a house. The interest rate is quoted

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You are about to take out an amortizing mortgage (term loan) for $490,000 with monthly payments to buy a house. The interest rate is quoted as an APR. Attempt 1/10 for 9.8pts What is your monthly payment? - Attempt 1/10 for 9.8 pts What is the effective annual rate on the loan

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