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Mathematics, 09.10.2020 15:01 Mune6745

Craig decides to purchase a property that's been valued at $475,000. He has $80,000 available as a deposit, and will require a mortgage for the remaining amount. The bank offers him a 25-year mortgage at 2% interest. Calculate his monthly repayments. Give your answer in dollars and cents. Do not include commas or the dollar sign in your answer.

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