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Use the table provided in the handbook. Marsh Terban bought a home for $120,000 with a down payment of $30,000. Her rate of interest is
Use the table provided in the handbook. Marsh Terban bought a home for $120,000 with a down payment of $30,000. Her rate of interest is 12 1/2 percent for 35 years. Calculate her (A) monthly payment, (B) first payment broken down into interest and principal and (C) balance of mortgage at end of month.
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