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You would like to borrow $500,000 to buy a home. The bank offers you a 30 year fully amortizing fixed rate mortgage with a 4% contract interest rate. What will your monthly payments be? (Round answer to 2 decimal places, express all payments as positive numbers).
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You would like to borrow $500,000 to buy a home. The bank offers you a 30 year fully amortizing fixe...
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