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Use your financial calculator to determine the monthly payments for each of the following $94,200 mortgage loans. Assume no prepayments. a. 30-year fixed at 8.5percent

Use your financial calculator to determine the monthly payments for each of the following $94,200 mortgage loans. Assume no prepayments.

a. 30-year fixed at 8.5percent

b.15-year fixed at 7.5 percent

c.20-year fixed at 8 percent

a. The monthlypayment, PMT, on the30-year loan is $___. (Round to the nearestcent.)

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