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Suppose you are buying your first house for $616,000, and are making a $200,000 down...

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Finance

Suppose you are buying your first house for $616,000, and are making a $200,000 down payment. You have arranged to finance the remaining amount with a 30-year, monthly payment, amortized mortgage at a 4.9% compounded semi-annually. What will your equal monthly payments be? Your answer should be accurate to two decimal places.

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