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You are planning to buy a house and will take out a loan to cover the cost of the house. The bank offers to give

You are planning to buy a house and will take out a loan to cover the cost of the house. The bank offers to give you a 30-year loan for $430,000 at an interest rate of 5.95% compounded monthly.

How much is your monthly payment?

How much interest would you be paying in total after 2 months of payments?

Thank you!

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