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2. Mrs. Quine takes out a 25-year mortgage for a loan of $1,400,000 at 12 = 5%. (a) Calculate the monthly payments required. (b) After

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2. Mrs. Quine takes out a 25-year mortgage for a loan of $1,400,000 at 12 = 5%. (a) Calculate the monthly payments required. (b) After 5 years, the interest rate increases to j2 = 5.5%, calculate the new monthly payments if she wishes to keen the mort

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