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You just purchased a vacant lot for your future home for $50,000 and financed that amount over 96 months using a fixed rate amortized loan.

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You just purchased a vacant lot for your future home for $50,000 and financed that amount over 96 months using a fixed rate amortized loan. What would be your monthly payment if your interest rate was 8.00% APR? Round to 2 decimal points and do not enter a negative

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