You want to buy a house that costs $290,000. You will make a down payment equal to
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Question:
You want to buy a house that costs $290,000. You will make a down payment equal to 10 percent of the price of the house and finance the remainder with a loan that has an APR of 5.51 percent compounded monthly. If the loan is for 20 years.
What are your monthly mortgage payments?
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