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Posted on Oct 19, 2024

You take out a 3 0 - year fixed rate mortgage ( 6 . 6 0 % APR, m = 1 2 ) to borrow

You take out a

30 -

year fixed rate mortgage

(6.60 %

APR, m

= 12)

to borrow $

425, 000 . (

)

What are your monthly payments?

(

)

What is your loan balance after

22

years of monthly payments?

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