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24 September, 01:30

John buys a house for 70000 and makes a down payment of 15000. The mortgage payment is 11.01 per thousand of the loan amount. What is his monthly payments.

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  1. 24 September, 01:46
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    70,000-15,000

    =55,000

    number of thousands

    55,000:1,000

    =55

    Monthly payment

    55*11.01

    =605.55
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