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You have just taken out a 3 0 year mortgage on your new home for $ 1 2 0 , 0 0 0 . The

You have just taken out a $30$ year mortgage on your new home for $ $120, 000 .$ The annual interest rate is $6 % .$ What is the amount of the annual installments? What if you need to make the payments at the beginning of each year, starting at time $0 ?$

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You have just taken out a 3 0 year mortgage on your new home for $ 1 2 0 , 0 0 0 . The

You have just taken out a 30 year mortgage on your new home for $120,000. The annual interest rate is 6%. What is the amount of the annual installments? What if you need to make the payments at the beginning of each year, starting at time 0?

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You have just taken out a $30$ year mortgage on your new home for $ $120, 000 .$ The annual interest rate is $6 % .$ What is the amount of the annual installments? What if you need to make the payments at the beginning of each year, starting at time $0 ?$