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R=P(r) Formula for computing monthly mortgage payments 1 - (1 + r)-nt single, a young singer unwisely decides that she needs a $2,2 million dollar
R=P(r) Formula for computing monthly mortgage payments 1 - (1 + r)-nt single, a young singer unwisely decides that she needs a $2,2 million dollar mansion. With some of the proceeds from her CD, she puts down $500,000, leaving $1,700,000 to finance at 6% for 20 years. Find the monthly payment
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