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Mr. Brooks makes monthly payments of $1100 to pay off his mortgage for his house. He will be making these monthly payments for the next

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Mr. Brooks makes monthly payments of $1100 to pay off his mortgage for his house. He will be making these monthly payments for the next 10 years. He is charged an interest rate of 6% per year, compounded monthly. Determine the Present Value (principal) of Mr. Brooks' mortgage. * Your

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