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Posted on Aug 01, 2024

Calculate the monthly payment for a 1 5 year fixed loan at 4 % per year compounded monthly if you are borrowing $ 3 8

Calculate the monthly payment for a

15

year fixed loan at

4 %

per year compounded monthly if you are borrowing $

380, 000.00 .

The loan is amortized. Round your answer to the nearest cent.

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