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You have found a house you would like to purchase. THe house costs $169,000 and you have $12,000 cash to pay as a down payment.

You have found a house you would like to purchase. THe house costs $169,000 and you have $12,000 cash to pay as a down payment. Your bank will loan you the balance at 6.25 percent interest for 30 years. What will your monthly mortgage be?

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