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Joe and Diane have found their dream home. It costs $350,000. They can put $50,000 down and pay the closing costs from their income. If they finance $300,000 on a 30-year monthly payment mortgage with a 5.35% rate, what will their payments be?

This is a time value of money question. If you can show the step by step, please. thank you.

Reference no: EM132270562

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