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show the equation used for this exercise. or how to solve using the financial calculator Jackson took out a 30 year $175000 mortgage to purchase

show the equation used for this exercise. or how to solve using the financial calculator

Jackson took out a 30 year $175000 mortgage to purchase a new condo. what are his monthly payments if the lender is charging him 5.5% compounded monthly?

a. $874.21

b. $579.56

c. $1024.38

d. $993.63

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