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What is the monthly payment on a 30-year mortgage of $60,000 at 7% interest? (Round your answer to the nearest cent.) $ What is the

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What is the monthly payment on a 30-year mortgage of $60,000 at 7% interest? (Round your answer to the nearest cent.) $ What is the monthly payment on this same mortgage if it is to be repaid over a 15-year period? (Round your answer to the nearest cent.) $

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