What is your monthly payment

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Reference no: EM132030635

You bought a house for 150,000. The bank required a 20% down payment and gave you a 30-year mortgage loan for the remainder. Assume an annual interest rate of 3.5% and a monthly repayment schedule. What is your monthly payment? After 18 years of payments, how much do you still owe?

Reference no: EM132030635

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