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You plan to buy a $111,978 house. You have $23223 to use as the down payment. The bank offers to loan you the remainder at

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You plan to buy a $111,978 house. You have $23223 to use as the down payment. The bank offers to loan you the remainder at 18% nominal interest compounded monthly. The term of the loan is 20 years. What will be your monthly loan payment? Enter your answer as follows: 1234.56 1,331.32

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