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Business, 19.03.2021 02:00 ghari112345

At a family gathering, your uncle hears that you are taking a finance course with many real life applications. He wants to consult you regarding a new house he likes very much. The house is selling for $250,000. Your uncle can put $50,000 down and qualifies for 4% APR for 30 year mortgage. He asks you how much his monthly payments will approximately be if he buys the house. What would be your answer

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