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A borrower takes out a 30-year fully amortizing CPM loan for $250,000 with an interest rate of 5%. What would the monthly payment be? a.
A borrower takes out a 30-year fully amortizing CPM loan for $250,000 with an interest rate of 5%. What would the monthly payment be?
a. $1,042
b. $1,342
c. $694
d. $1,355
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
