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    Business Mathematics Study Set 1
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    Exam 13: Loan Amortization: Mortgages
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    Calculate the Monthly Payment for a $275,000 Mortgage at 5
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Calculate the Monthly Payment for a $275,000 Mortgage at 5

Question 97

Question 97

Short Answer

Calculate the monthly payment for a $275,000 mortgage at 5.8% compounded monthly if amortized over 20 and 25 years.

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$1,938.59;...

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