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Can someone please help me with this problem? attached as an example to help. Question 5 1 pts 5. Rachel buys a house and takes

Can someone please help me with this problem?
attached as an example to help.
image text in transcribed
Question 5 1 pts 5. Rachel buys a house and takes out a S170,000, 30-year mortgage. The interest rate is 4.8% convertible monthly and Rachel makes monthly payments of $700 for the first 6 years. Determine how large her monthly payments need to be for the remaining 24 years in order to pay off the mortgage at the end of the 30-year period. (6.a 137] Rachel buys a house and takes out a $190,000, 30-year mortgage. The interest rate is 5,4% convertible monthly and Rachel makes monthly payments of $900 for the first 8 years. Determine how large her monthly payments need to be for the remaining 22 years in order to pay off the mortgage at the end of the 30-year period. (6.a N37] A) B) C) At least $950, but less than $1,000 At least $1,000, but less than $1,050 At least $1,050, but less than $1,100 D) E) At least $1,100, but less than $1,150 At least $1,150, but less than $1,200 At least $1.100, but less than $1.150 At least $1.200, but less than $1.250 170,000 = 700 a 70.4%. + Raz8810.4%." R-985.47 At least $1.150, but less than $1.200 At least 51.300, but less than $1.350 At least 51.250, but less than $1.300

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