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What is the payment you will make every month

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If you buy a house for $500,000 and put a 20% downpayment of $100,000 on it. You have to pay off the remaining balance of $400,000. The bank gave you a loan for 30 years, 6 p.a compounding monthly. What is the payment you will make every month?

Reference no: EM132509417

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