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Posted on May 18, 2024

1 . If you want to buy a $ 5 5 0 , 0 0 0 house using 2 8 - year mortgage loan at

1 .

If you want to buy a $

550, 000

house using

28 -

year mortgage loan at

6.2 %

interest rate, what will be your PMT

(

monthly annuity payment

) ?

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