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Based on Exhibit 7 7 what would be the monthly mortgage payments for each of...

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Basic Math

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Based on Exhibit 7 7 what would be the monthly mortgage payments for each of the following situations Round your answers to 2 decimal places a A 162 500 15 year loan at 7 5 percent b A 217 500 30 year loan at 7 5 percent c A 195 000 20 year loan at 7 5 percent 1 571 70 Term Rate 3 0 3 5 4 0 4 5 5 0 5 5 6 0 6 5 7 0 30 Years 4 22 4 49 4 77 5 07 5 37 5 68 6 00 6 32 6 65 25 Years 4 74 5 01 5 28 5 56 5 85 6 14 6 44 6 75 7 07 20 Years 5 55 5 80 6 06 6 33 6 60 6 88 7 16 7 46 7 75 15 Years 6 91 7 15 7 40 7 65 7 91 8 17 8 44 8 71 8 99

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