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What will be their monthly loan payment

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The Davis family is buying a new 3,500-square-foot house in Muncie, Indiana, and will borrow $244,000 from Bank One at a rate of 6.037 percent for 15 years.

What will be their monthly loan payment? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132379988

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