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You are in the process of buying a house. The selling price is $300,000, and you will put $20,000 down and obtain a 25-year fixed-rate

You are in the process of buying a house. The selling price is $300,000, and you will put $20,000 down and obtain a 25-year fixed-rate mortgage at 5.25% compounded semiannually. Calculate the size of the monthly payment.

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