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You want to buy a house that costs $2,000,000. You only have $400,000 that you can spend on the house, so you want to
You want to buy a house that costs $2,000,000. You only have $400,000 that you can spend on the house, so you want to finance the rest with a 30-year fixed-rate mortgage of 3.6% per annum compounding monthly, requiring a monthly payment that starts one month from now. What is your monthly payment? (Round to the nearest two digits) None of the other answers are correct. $7,135.06 $6,654.14 $6,935.64 $7,274.33
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