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Ch 0 5 Financial Planning Exercise 1 0 eBook Chapter 5 Financial Planning Exercise 1 0 Conventional vs . ARM mortgage payments What would the

05

Financial Planning Exercise

10

eBook

Chapter

5

Financial Planning Exercise

10

Conventional vs

.

ARM mortgage payments

What would the monthly payments be on a $

115, 000

loan if the mortgage were set up as:

.

15 -

year,

8

percent fixed

-

rate loan. Round the answer to the nearest cent.

$ per month

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