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What are the monthly payments (principal and interest) on a 15-year home mortgage for an $160,000 loan when interest rates are fixed at 8 percent?

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What are the monthly payments (principal and interest) on a 15-year home mortgage for an $160,000 loan when interest rates are fixed at 8 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Monthly payments

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