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You are thinking of purchasing a house. The house costs $ 3 0 0 , 0 0 0 . You have $ 4 3 ,
You are thinking of purchasing a house. The house costs $ You have $ in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a year mortgage that requires annual payments and has an interest rate of per year. What will your annual payment be if you sign up for this mortgage?
The annual payment is $Round to the nearest cent.
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