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You want to buy a house that costs $320,000. You will make a down payment equal to 20 percent of the price of the house
You want to buy a house that costs $320,000. You will make a down payment equal to 20 percent of the price of the house and finance the remainder with a loan that has an interest rate of 4.55 percent compounded monthly. If the loan is for 30 years, what are your monthly mortgage payments? (Do not round intermediate calculations. Input your answer as a positive value, rounded to two decimal places i.e. 12345.67. Do not include a dollar sign in your solution.)
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