Question: You put 2 0 % down on a home with a purchase price of $ 5 0 0 , 0 0 0 . The down
You put down on a home with a purchase price of $ The down payment is thus $ leaving a balance owed of $ A bank will loan you this remaining balance $ at APR. You will make monthly endoftheperiod payments with a year payment schedule. What is the monthly payment under this schedule?
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