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You need a 30-year, fixed-rate mortgage to buy a new home for $275,000. Your mortgage bank will lend you the money at an APR of

You need a 30-year, fixed-rate mortgage to buy a new home for $275,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for 30 years. What is your required monthly payment? Show...

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