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How do I answer the following question using financial calculator functions? Theodore D. Kat is applying to his friendly, neighbourhood bank for a mortgage of
How do I answer the following question using financial calculator functions?
Theodore D. Kat is applying to his friendly, neighbourhood bank for a mortgage of $200,000. The bank is quoting 6%. He would like to have a 25-year amortization period and wants to make payments monthly. What will Theodore's payments be?
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