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What is the monthly amount of mortgage payment

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Problem 1: You purchase a house for $435,134. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 04.00%. Mortgage payments are made monthly. What is the monthly amount of you mortgage payment?

Reference no: EM132665137

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