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Please show your financial calculator inputs or alternatively you must use the formula and show your work. Use this information to answer the next two
Please show your financial calculator inputs or alternatively you must use the formula and show your work.
Use this information to answer the next two questions. You purchase a new house and finance this purchase with a mortgage of $220,000. This mortgage loan has a 30-year maturity, calls for monthly payments, and is contracted at an interest rate of 5.50%, per annum (APR). 17. What is the monthly payment? (4 pts)
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