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What will your monthly payment be

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Question - Suppose you want to buy a home for $950,000. You will make a down payment of 15% of the purchase price, and finance the rest of the home purchase by taking out a mortgage. Your mortgage will involve monthly payments over a 15-year amortization period. The interest rate is 4.41% (APR, compounded semi-annually). What will your monthly payment be?

Reference no: EM133127394

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