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You're buying a house for 500,000 dollars and are able to put 15% down payment. You want to finance the rest via loan. The bank
You're buying a house for 500,000 dollars and are able to put 15% down payment. You want to finance the rest via loan. The bank offers you a loan with a 25-year mortgage at 10% APR. What is your monthly payment?
Please show your calculations.
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