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Q 1 0 : ( Loan Amortization ) You have a $ 1 0 0 , 0 0 0 mortgage with a monthly rate of

10

(

Loan Amortization

)

You have a $

100, 000

mortgage with a monthly rate of

1 %

and a

20 -

year

(240

months

)

amortization. For equal payment every month, how much you need to pay monthly?

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