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PLEASE DO NOT INSERT LINES OR COLUMNS AND DO NOT COPY AND PASTE FORMULAS FROM OTHER SPREADSHEETS SECTION III - MORTAGES ( 2 0 POINTS

PLEASE DO NOT INSERT LINES OR COLUMNS AND DO NOT COPY AND PASTE FORMULAS FROM OTHER SPREADSHEETS

SECTION III

-

MORTAGES

(20

POINTS

)

Question

5 (20

points

)

Calculate the monthly payment of a mortgage given the following information

\

table

[[,

], [

Amount

=, 140, 000], [

Interest

=, 11.00 %

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