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You have $100,000 in down payment on a new home. The home cost $350,000 and Local Credit Union has offered you a 5.50% interest rate

You have $100,000 in down payment on a new home. The home cost $350,000 and Local Credit Union has offered you a 5.50% interest rate that is compounded semi-annually. You want to amortize the payments over 30 years and make monthly payments. What will be your monthly mortgage payment

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