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A couple would like to purchase a new house. To help fund the purchase, they will borrow 150,000 from a mortage lender. The lender will
A couple would like to purchase a new house. To help fund the purchase, they will borrow 150,000 from a mortage lender. The lender will charge 6 percent interest, compounded monthly (.005) per month. The loan will repaid through monthly over 15 years. What is the couple's monthly mortage payments. Show work
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