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Home owner goes to CitiBank for a home mortgage loan. The loan is a 15 year, monthly payments with a 3.63% nominal rate. Calculate the
Home owner goes to CitiBank for a home mortgage loan. The loan is a 15 year, monthly payments with a 3.63% nominal rate. Calculate the monthly payment on this 15 year mortgage if the borrower is planning to borrow $135,000.
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