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What is the monthly annuity payment under this schedule

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Reference no: EM13280617

You put down 20% on a home with a purchase price of $150,000, or $30,000. The remaining balance will be $120,000. The bank will loan you this remaining balance at 4.375% APR. You will make monthly payments with a 20-year payment schedule. What is the monthly annuity payment under this schedule.

Reference no: EM13280617

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