Question: Moving to another question will save this response Question 22 of 30 stion 22 4 points Save As Peifan is taking an interest Only loan

 Moving to another question will save this response Question 22 of

Moving to another question will save this response Question 22 of 30 stion 22 4 points Save As Peifan is taking an interest Only loan to purchase a 5491,959 property with 0.9 LTV. The loan is issued for 15 years with monthly payments and has a fixed interest rate at 5. Under this mortgage contract, what will be Peifan's payment in the first month of the loani State your answer as a number rounded to the nearest centies if your answer is 51,000.568, write 1000.57), estion 22 of 30

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