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Posted on Jul 30, 2024

You have just taken out a 3 0 - year, $ 3 3 9 , 0 0 0 mortgage loan at an annual interest rate

You have just taken out a

30 -

year, $

339, 000

mortgage loan at an annual interest rate of

5.6

percent. The mortgage has monthly payments. What is the amount of each payment? Calculate your answer to the nearest $

. 01 .

Enter your answer as a postive number. Do not use the $ or

,

sign.

Your Answer:

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