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Category > Business & Finance Posted 25 May 2017 My Price 11.00

Based on Exhibit 7–7

Based on Exhibit 7–7, what would be the monthly mortgage payments for each of the following situations?

 

a.A $140,000, 15-year loan at 8.5 percent. $9.85 140 = $1,379

 

b.A $215,000, 30-year loan at 7 percent. $6.65 215 = $1,429.75

 

c.A $165,000, 20-year loan at 8 percent. $8.36 165 = $1,379.40

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Homework Helper
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Status NEW Posted 25 May 2017 06:05 PM My Price 11.00

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