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You have a mortgage loan totaling $100,000. Your interest rate is 5% compounded annually. You want to pay off your loan in 30 years. What
You have a mortgage loan totaling $100,000. Your interest rate is 5% compounded annually. You want to pay off your loan in 30 years. What is your monthly mortgage payment? What if you have $200,000 in loans? $300,000? $400,000?
USING MS-EXCEL AS A CALCULATOR AND USING IT FUNCTIONS PLEASE SOLVE THE FOLLOWING
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