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You are thinking of purchasing a house. The house cost $350.000. You have 550,000 in cash that you can use as a down payment on

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You are thinking of purchasing a house. The house cost $350.000. You have 550,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the price. The offering a 10-year more that requires annual payments and has an interest rate of 0% per year. What will be your payment you in this mortgage The annual payment is (Round to the nearest dolar)

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