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You decide to purchase a new home and need a $ 240,000 mortgage. You take out a loan from a bank that has an interest

You decide to purchase a new home and need a $ 240,000 mortgage. You take out a loan from a bank that has an interest rate of 6 %. What is the yearly payment to the bank to pay off the loan in 10 years?

FP = $

(Round your response to two decimal places.)

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