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Please Help Based on Exhibit 9 - 9 , or using a financial calculator, what would be the monthly mortgage payments for each of the

Please Help Based on Exhibit

9 - 9,

or using a financial calculator, what would be the monthly mortgage payments for each of the following

situations?

Note: Round time value factor and final answers to

2

decimal places.

What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly

payment?

Answer is complete but not entirely correct.

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