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1. A floating rate mortgage loan is made for $100,000for a 30-year period at an initial rate of 12% interest. However,the borrower and lender have

1. A floating rate mortgage loan is made for $100,000for a 30-year period at an initial rate of 12% interest. However,the borrower and lender have negotiated a monthly payment of$800.a. What will 2 answers

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