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How to compute this without Excel? 8) A young couple buys their first house. The couple has borrowed $400,000 from the bank. The terms of

image text in transcribedHow to compute this without Excel?

8) A young couple buys their first house. The couple has borrowed $400,000 from the bank. The terms of the mortgage are 30 years of monthly payments at an APR of 6% compounded monthly ( monthly interest is 6%/12). The loan will be entirely paid off by year 30. What is the monthly payment for the couple

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