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Posted on Jul 25, 2024

Assume Cousin Chris obtained $ 1 0 0 , 0 0 0 ten years ago by borrowing on a twenty - year equity line of

Assume Cousin Chris obtained $

100, 000

ten years ago by borrowing on a twenty

-

year equity line of credit mortgage loan with a

9 %

stated annual percentage interest rate that requires monthly payments. How much must Cousin Chris pay each month on this loan?

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