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Your banker suggests that, rather than obtaining a 30-year mortgage, you should simply obtain a 15-year loan for the same amount. The rate on this

Your banker suggests that, rather than obtaining a 30-year mortgage, you should simply obtain a 15-year loan for the same amount. The rate on this loan is 3.75% APR. How much is the monthly payment?

House cost= 220,000

Down Payment 50,000

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