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Posted on Aug 19, 2024

You just took out a 1 5 - year traditional fixed - rate mortgage for $ 2 0 0 , 0 0 0 to buy

You just took out a

15 -

year traditional fixed

-

rate mortgage for $

200, 000

to buy a house. The interest rate is

12 % (

APR

)

and you have to make payments monthly.

What is your monthly payment?

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