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Morgages, loans, stock valuations and business investment decisions. 2. The interest rate on a $125,000 mortgage loan is 9% compounded monthly. Calculate the monthly payment

image text in transcribed Morgages, loans, stock valuations and business investment decisions.

2. The interest rate on a $125,000 mortgage loan is 9% compounded monthly. Calculate the monthly payment for each of the 20 -year, 25-year, and 30-year amortizations

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