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You purchase a new home for $250,000. If you make a 7% down payment, what will your monthly payment be assuming a loan term of

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You purchase a new home for $250,000. If you make a 7% down payment, what will your monthly payment be assuming a loan term of 20 years and a rate of 4%? (Enter the absolute value of your response to 2 decimal places ex: 123.45 NOT-123.45)

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