How much is her monthly mortgage payment

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Reference no: EM132020083

Susan just purchased her first house valued at 200000. She paid a down payment of 20000, and took out a fixed rate mortgage loan for the balance from the bank.

The loan is payable in monthly installments over a 15 year period at interest rate 6% per year. How much is her monthly mortgage payment?

Reference no: EM132020083

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