Payments are to be made monthly at the end of the month and


You are considering the purchase of a $500,000 home. You plan to take a 30-year fixed mortgage after making a 20% downpayment to avoid PMI. Payments are to be made monthly (at the end of the month) and the APR is 8%. What is the monthly payment?

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Business Management: Payments are to be made monthly at the end of the month and
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