Mary bought a house in thunder bay 3 years ago the house, Ask an Expert

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Mary bought a house in Thunder Bay 3 years ago. The house was listed at $350,000 and Mary was able to make a down payment of $50,000. She decided to take a 25-year mortgage from ABC Bank with a mortgage rate of 6% (APR compounded semiannually). What is the monthly payment of this mortgage? ? Assume each payment is made at the end of each month.

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