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2.2 The Basics of Loans Mastery Current objective Calculate the payment necessary to pay off a loan Question You wish to take out a $
2.2 The Basics of Loans Mastery Current objective Calculate the payment necessary to pay off a loan Question You wish to take out a $ 275 , 000 mortgage. The yearly interest rate on the loan is 3.8 % and the loan is for 15 years. Calculate your monthly payment. Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer. Provide your answer below
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
