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Consider a 15-year mortgage of $400,000 at 6.9% interest compounded monthly where the loan is interest only for ten years. What is the monthly payment

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Consider a 15-year mortgage of $400,000 at 6.9% interest compounded monthly where the loan is interest only for ten years. What is the monthly payment during the first ten years? last five years? The monthly payment for the first ten years is $ (Round to the nearest cent as needed.)

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