Use Table 8?2, the Monthly Payment per $1,000 of Mortgage table, to answer the question....
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Use Table 8?2, the Monthly Payment per $1,000 of Mortgage table, to answer the question. Round your answers in (a)?(d) to two decimal places, if necessary. An auto parts store sells for $275,000 and an 8% down payment is made. A 40?year mortgage at 6.5 % is obtained, and closing costs are $5,850.Find the amount of the mortgage.&monthly payment
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