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You decide to buy a house that costs $220,000 and repay the loan with monthly payments over the next 30 years. The interest rate
You decide to buy a house that costs $220,000 and repay the loan with monthly payments over the next 30 years. The interest rate is fixed at 4.75%. What will your monthly payments need to be so the loan is completely paid off at the end of those 30 years?
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