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You want to purchase a house, and you have agreed on a selling price of $ 2 5 0 , 0 0 0 . The

You want to purchase a house, and you have agreed on a selling price of $

250, 000 .

The bank will give you a loan for

30

years, and the interest rate will be

6.5 % .

Assume that you will finance the entire amount. What is your monthly payment?

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