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Question 16. Your home mortgage is $300,000 for 30 years with annual interest rate of 7%. Calculate the monthly payment. Write all step-by-step solutions. If

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Question 16. Your home mortgage is $300,000 for 30 years with annual interest rate of 7%. Calculate the monthly payment. Write all step-by-step solutions. If you provide just correct final answers, you will get only 10 percent credit of this question. (5 Points)

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