Mortgage payments are made monthly what is the monthly, Financial Management

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Mortgage payments are made monthly what is the monthly

You purchased a new house for $168208. You made a down payment of $15,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 20 year mortgage with an annual interest rate of 5.0%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?

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