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Peter took a 10 -year $10,000 mortgage. The mortgage has a 10% nominal interest rate, but it calls for monthly payment with the first payment

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Peter took a 10 -year $10,000 mortgage. The mortgage has a 10% nominal interest rate, but it calls for monthly payment with the first payment at the end of this month. How much is monthly payment of this loan? $1,200.00 $112.00 $143.47 $83.33 $132.15

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