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A 10-year mortgage for $95,000 is issued at a 6% annual interest rate. (a) What is the monthly payment? (b) How long does it take
A 10-year mortgage for $95,000 is issued at a 6% annual interest rate. (a) What is the monthly payment? (b) How long does it take to pay off the mortgage, if $1500 per month is paid? (c) What is the monthly payment, if the interest rate is 0.5% per month?
please show formula using excel. thanks
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