Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $512,000 home bought with a 20% down payment and the balance financed for 30 years at 4.7% $= ?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Find the monthly payment for the loan. (Round your answer to the nearest cent.)

A $512,000 home bought with a 20% down payment and the balance financed for 30 years at 4.7%

$= ? 

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