A couple has just purchased a home for 42150000 they will, Ask an Expert

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A couple has just purchased a home for $421,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.96% APR with monthly compounding. The mortgage has a term of 30 years. What is the monthly payment on the loan?

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Financial Management, Finance

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