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    Business Mathematics Study Set 1
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    Exam 13: Loan Amortization: Mortgages
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    Calculate the Final Monthly Payment of a $175,000 20-Year Mortgage
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Calculate the Final Monthly Payment of a $175,000 20-Year Mortgage

Question 81

Question 81

Short Answer

Calculate the final monthly payment of a $175,000 20-year mortgage at 5.9% compounded monthly.

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