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11. The Michael family has asked for a 30-year mortgage in the amount of $325,000 to purchase a home. At a 5.25 percent loan rate,

11. The Michael family has asked for a 30-year mortgage in the amount of $325,000 to purchase a home. At a 5.25 percent loan rate, what is the required monthly payment? 12. Barb Jones received a $5,000 loan last month with the intention of repaying the loan in 12 months. However, Jones now discovers she has cash to repay the loan after mak- mhhe.com/re

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