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Mathematics, 20.02.2020 04:46 genyjoannerubiera

Charles and Cynthia are purchasing a house. They obtained a 30-year, $535,000 mortgage at an annual interest rate of 3.6% compounded
monthly.
Calculate their monthly payment on the loan. Round your answer to the nearest cent.
M
P
()(1 + 5)121
= (1 + £2) 12+ -
Their monthly payment will be $

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