Find the monthly house payment necessary to amortize each of the loans in Exercises. Then find the
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Find the monthly house payment necessary to amortize each of the loans in Exercises. Then find the unpaid balance after 5 years for each loan. Assume that interest is compounded monthly.
$249,560 at 7.75% for 25 years
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The present value P is 249560 i 0077512 00064583333 and n 12 25 300 Monthly payment...View the full answer
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