You are buying a house for 300000 the terms of the mortgage


You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?

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Business Economics: You are buying a house for 300000 the terms of the mortgage
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