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What is the monthly payment on a 15 year, $350,000 mortgage loan, where interest rate is 3% per year, Compounded annually Compounded monthly Compounded daily
What is the monthly payment on a 15 year, $350,000 mortgage loan, where interest rate is 3% per year,
- Compounded annually
- Compounded monthly
- Compounded daily
- What are effective annual rates for 1,2, and 3 above?
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