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Q47 If a mortgage has monthly payments of $1,333, a life of 20 years, and a rate of 4.85 percent per year, what is the

Q47

If a mortgage has monthly payments of $1,333, a life of 20 years, and a rate of 4.85 percent per year, what is the mortgage amount? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Mortgage Amount:

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