You are planning to buy a 250000 house and will take out a


You are planning to buy a $250,000 house and will take out a mortgage for 80% of the homes value. The term of your mortgage is 15 years and the interest rate is 4%, compounded monthly. What is your monthly payment going to be?

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Electrical Engineering: You are planning to buy a 250000 house and will take out a
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