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8-55 Titania wants to bonow $225,000 from a mortgage banner to purchase a $300,000 house. The mortgage loan is to be repaid in monthly installments

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8-55 Titania wants to bonow $225,000 from a mortgage banner to purchase a $300,000 house. The mortgage loan is to be repaid in monthly installments over a 30 year period. The annual interest rate is 6%. How much will Titania's monthly mortgage payment be? 18-51 Upon reading your most recent credit card Statement, you are stocked to learn that the balance owed on your purchase is $4,000. Resolving to get out of debt and for all you deace not to charge anymore purchases and to make regulang monthly payments until the belance is zerot Assuming that the bank's credit card annual interest rate is 19.5% and the most you can afford to pay each month is $350 , how long will it take you to pay off your debt

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