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You borrow $200,000 for the purchase of a home. Your loan is for 30 years with payments made monthly. The interest rate is 6.00%. How
You borrow $200,000 for the purchase of a home. Your loan is for 30 years with payments made monthly. The interest rate is 6.00%. How much will your monthly payment be? RECORD YOUR ANSWER TO THE NEAREST DOLLAR. IN ORDER TO RECEIVE CREDIT FOR THE CORRECT ANSWER YOU MUST SHOW YOUR N IPV PMT FV BELOW
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