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You have contracted to buy a house for $350,000, paying $30,000 down and taking out a fully amortizing loan for the balance, at a
You have contracted to buy a house for $350,000, paying $30,000 down and taking out a fully amortizing loan for the balance, at a 6.7% annual rate for 30 years. What will your monthly payment be if they make equal monthly installments over the next 30 years (to the nearest dollar)? O a. $2,065 O b. $2,358 O c. $2,567 O d. $2,258
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