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A person amortizes a loan of $ 150,000 for a new home by obtaining a 15-year mortgage at the rate of 12 % compounded monthly.

A person amortizes a loan of $ 150,000 for a new home by obtaining a 15-year mortgage at the rate of 12 % compounded monthly. Find Monthly payment. The principal outstanding at the beginning of the 100th payment The interest in the 100th payment. The principal repaid in the 100th payment The total finance charges

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