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The mortgage loan is a 30 year mortgage with an annual

Question:

You purchases a house for $443,416. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan.

The mortgage loan is a 30 year mortgage with an annual interest rate of 08.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?

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Financial Management: The mortgage loan is a 30 year mortgage with an annual

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