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If you take out a $300,000, 30 -year mortgage with an annual interest rate of 5.25%, what will be your monthly payment? If the interest

  1. If you take out a $300,000, 30 -year mortgage with an annual interest rate of 5.25%, what will be your monthly payment? If the interest rate goes down to 5%, what will be your monthly payments?
  2. If your monthly rent is $850 per month payable on the first day of the month, what is the present value of your rent for this year, assuming today is the New Year

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