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Based on Exhibit 7-8, what would be the monthly mortgage payments for each of the following situations? (Round mortgage payment factors and final answers to
Based on Exhibit 7-8, what would be the monthly mortgage payments for each of the following situations? (Round mortgage payment factors and final answers to 2 decimal places. Omit the "$" sign in your response.)
a) A $100,000, 15-year loan at 7.5 percent APR compounded semi-annually $
b) A $200,000, 25-year loan at 9 percent APR compounded semi-annually $
c) A $165,000, 20-year loan at 10 percent APR compounded semi-annually $
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