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A home buyer borrows $94,000 at an annual interest rate of 6% with monthly payments for 15 years from MidAmerica National Bank, Macomb, IL. Compute
A home buyer borrows $94,000 at an annual interest rate of 6% with monthly payments for 15 years from MidAmerica National Bank, Macomb, IL. Compute a monthly mortgage payment assuming each payment is made at the end of each month 1) $845.15 2) $835.15 3) $825.15 4) $793.23 5) $774.31
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