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Given the following information on an interest-only mortgage, calculate the monthly mortgage payment: loan amount: $50,000; term: 15 years; interest rate: 4.2% Enter the

Given the following information on an interest-only mortgage, calculate the monthly mortgage payment: loan 

Given the following information on an interest-only mortgage, calculate the monthly mortgage payment: loan amount: $50,000; term: 15 years; interest rate: 4.2% Enter the answer below as a positive number, no dollar sign, and two decimal places. Your Answer:

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