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How do you set this up in a financial calculator and what is the excel formula? Problem 21-2 Mortgage Balances (LO1, CFA1) If a mortgage

How do you set this up in a financial calculator and what is the excel formula?

Problem 21-2 Mortgage Balances (LO1, CFA1)

If a mortgage has monthly payments of $1,303, a life of 20 years, and a rate of 4.75 percent per year, what is the mortgage amount? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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