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Kaylee is looking to take out a mortgage for $260, 000 from a bank offering...

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Basic Math

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Kaylee is looking to take out a mortgage for $260, 000 from a bank offering an annual interest rate of 5.7%, compounded monthly. Using the formula below, determine her monthly payment, to the nearest dollar, if the loan is taken over 10 years.M = Pr(1+r)"/(1+r)" - 1

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