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You purchase a house for $ 1 8 8 , 9 3 8 . 0 0 . You made a down payment of 2 0

You purchase a house for $188,938.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30-year mortgage with an annual interest rate of 5.64%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?

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