(Answered) You are going to borrow 500000 to buy a house assume an

Management Studies

You are going to borrow $500,000 to buy a house. Assume an annual interest rate of 8%. The length of the loan is 30 years and you are making payments at the end of each month. Your monthly payment is _____.

Enter just the number (no dollar sign), as a positive number, rounded to the nearest dollar; e.g., 4218.5 should be entered as 4219

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