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Your friends are buying a house for $ 1 2 5 , 0 0 0 . They make a down payment of 2 0 %

Your friends are buying a house for $125,000. They make a down payment of 20% and finance the remaining with a 25 year mortgage with payments made at the end of every month. Assume an interest rate of 2% per month. What are the monthly mortgage payments?

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