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Posted on Jul 25, 2024

Assume that you have taken out a 2 0 - year amortized loan of $ 1 4 0 , 0 0 0 at an annual

Assume that you have taken out a

20 -

year amortized loan of $

140, 000

at an annual interest rate of

4.75 % .

What is the monthly payment on your loan?

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