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Your friends are buying a house for $125,000. They make a down payment of 20%...

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Finance

Your friends are buying a house for $125,000. They make a down payment of 20% and finance the remaining with a 30-year mortgage with monthly payments paid at the end of the month. Assume an interest rate of 1.00% per month. What is the monthly mortgage payment? Enter your answer rounded to the nearest whole dollar (ex. $5,000.43 = 5000)

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