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Calculate the monthly payments for each of the following $99,000 mortgage loans. Assume no prepayments. a. 30 -year fixed at 8.00 percent b. 15 -year
Calculate the monthly payments for each of the following $99,000 mortgage loans. Assume no prepayments. a. 30 -year fixed at 8.00 percent b. 15 -year fixed at 7.00 percent c. 20 -year fixed at 7.50 percent Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: a. The monthly payment, PMT, on the 30 -year loan is $ (Round to the nearest cent.) Monthly Installment Loan Tables (\$1,000 loan ith interest payments compounded monthly)
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