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Question : Suppose the Bank of Montreal is offering a mortgage with an EAR of 5 . 3 7 5 % . If you plan

Question : Suppose the Bank of Montreal is offering a mortgage with an EAR of

5.375 % .

If you plan to borrow $

150, 000,

what will your monthly payment be assuming a

30 -

year amortization?

Make sure to include a timeline.

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