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18 June, 12:54

Abbey purchased a house using a fixed rate mortgage. The annual interest rate is 4.2% compounded monthly for 20 years. The mortgage amount is $235,000. What is the monthly payment on the mortgage?

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  1. 18 June, 13:03
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    I GOT $9870.

    4.2 % OF $235,000 IS $9870.
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