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Based on Exhibit 7-7, what would be the monthly mortgage payments for each of the following situations? (Round your answers to 2 decimal places.)
Based on Exhibit 7-7, what would be the monthly mortgage payments for each of the following situations? (Round your answers to 2 decimal places.) a. A $159,500, 25-year loan at 7.5 percent. b. A $217,500, 20-year loan at 7.5 percent. c. A $199,500, 25-year loan at 7.5 percent.
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