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You are considering purchasing your first home. The price is $200,000, and you have saved up and will put down a $20,000 down payment. If

You are considering purchasing your first home. The price is $200,000, and you have saved up and will put down a $20,000 down payment. If you can get a 30 year mortgage loan at 5%, 30 yrs, what will be your monthly payment to repay this loan?

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