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ANSWER PLZ ASAP sed on Exhibit 7.7, what would be the monthly mortgage payments for each of the following situations? (Round your answers to 2
ANSWER PLZ ASAP
sed on Exhibit 7.7, what would be the monthly mortgage payments for each of the following situations? (Round your answers to 2 cimal places.) A $163,500, 25-year loan at 5 percent A $221,500, 20-year loan at 5.5 percent. A $200,000, 25 year loan at 5 porcent. 30 Years 25 Years 20 Years 15 Years Exhibit 7-7 Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) Term Rate 3.0% 3.5 4,0 $4.22 4.49 $4.74 5.01 5.28 $5.55 5.80 $6.91 7.15 7.40 4.77 6.06 4,5 5.07 6.33 5.56 5.85 7.65 7.91 5.0 5.37 6.60 5.5 6.88 8.17 5.68 6.00 6.14 6.44 6.0 7.16 8.44 6.5 6.32 6.75 7.46 8.71 7.0 6.65 7.07 7.75 8.99 7,5 7.39 8.06 9.27 8,0 7.34 7.72 8.36 9.56 Step by Step Solution
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