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You will take out a mortgage to finance a $ 3 5 0 , 0 0 0 home purchase. You will put 1 0 %

You will take out a mortgage to finance a $

350, 000

home purchase. You will put

10 %

down and finance the rest with a

30 -

year,

7.2 %

APR mortgage. What is the monthly note on the mortgage? Round the final answer to two decimal points. Don't use the dollar sign.

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