What monthly payment will the taylor be required to make

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Reference no: EM13187452

The Taylors have purchased a $290,000 house. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 10%/year on the unpaid balance. Interest computations are made at the end of each month. If the loan is to be amortized over 30 years, what monthly payment will the Taylor's be required to make? (Round your answers to the nearest cent.)

Reference no: EM13187452

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