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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

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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 and finance the remainder with a loan that has an interest rate of 5.25 percent compounded monthly. If the loan is for 30 years, what are your monthly mortgage payments? Multiple Choice $1,474.49 $1,425.34 $1,413.64 $1,548.21 $1,767.05

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