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posted by theriti0 on Monday, July 8, 2013 at 1:33pm.
Matthew obtains a 30-year $81,000 house loan with APR of 8.08%. What is his monthly payment?
monthly rate = .0808/12 = .0067333.. 81000 = x( 1 - 1.0067333..^-360)/.00673333.. ... ... x = 598.87
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