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book Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman cover

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

Edition 7ISBN: 978-1285448596
book Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman cover

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

Edition 7ISBN: 978-1285448596
Exercise 53
Using Table 14-1 as needed, calculate the required information for the following mortgages.
Marc Bove purchased a home with a $78,500 mortgage at 9% for 15 years. Calculate the monthly payment and prepare an amortization schedule for the first four months of Marc's loan.
Using Table 14-1 as needed, calculate the required information for the following mortgages.  Marc Bove purchased a home with a $78,500 mortgage at 9% for 15 years. Calculate the monthly payment and prepare an amortization schedule for the first four months of Marc's loan.
Explanation
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Consider a mortgage amount
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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