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3. You take out a 15-year mortgage to purchase a $400,000 house. If the loan has 4.80% APR, what are your monthly payments? Express
3. You take out a 15-year mortgage to purchase a $400,000 house. If the loan has 4.80% APR, what are your monthly payments? Express your answer to the nearest cent. Note: interest is compounded monthly.
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
