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Problem 5-10A floating rate mortgage loan is made for $185,000 for a 30-yearperiod at an initial rate of 12 percent interest. However, theborrower and lender
Problem 5-10A floating rate mortgage loan is made for $185,000 for a 30-yearperiod at an initial rate of 12 percent interest. However, theborrower and lender have negotiated a monthly payment of$1 2 answers
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