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A mortgage loan of $6.1 million is to be paid in 20 years using equal weekly payments and the interest rate is 6.48 percent.
A mortgage loan of $6.1 million is to be paid in 20 years using equal weekly payments and the interest rate is 6.48 percent. What would be the weekly payment? (use 1 year = 52 weeks) After 8 years: the interest rate increases by 1.3 percent. What would be the new weekly payment?
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Calculus Early Transcendentals
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
2nd edition
321954428, 321954424, 978-0321947345
