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You just bought a house today for $250,000. The house was completely financed using a mortgage which charges an annual rate of 6%, with equal

You just bought a house today for $250,000. The house was completely financed using a mortgage which charges an annual rate of 6%, with equal payments due to the bank paid monthly starting next month for 30 years (last payment 30 years from today). What is the monthly payment you owe to the bank? What is your balance after you make your payment 10 years from today?

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