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Answer this one for me pls Calculate the monthly payments for each of the following $109,700 mortgage loans. Assume no prepayments. a. 30 -year fixed
Answer this one for me pls
Calculate the monthly payments for each of the following $109,700 mortgage loans. Assume no prepayments. a. 30 -year fixed at 8.25 percent b. 15 -year fixed at 7.25 percent c. 20-year fixed at 7.75 percent Note: Round intermediate computations to at least five (5) decimal places. Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: a. The monthly payment, PMT, on the 30 -year loan is $ (Round to the nearest cent.) Step by Step Solution
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
