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You are buying a house priced at $354,125. You plan to pay 29 of the price for ow payment and nance the rest. The mortgage

You are buying a house priced at $354,125. You plan to pay 2ﬂ9ﬁ of the price for ﬂow payment and ﬁnance the rest. The mortgage loan you need to borrow lasts 3{} years and requires 4.25% interest rate per annum.

What is your payment EACH MONTH for the mortgage loan?

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