Question: What is the monthly payment on a 3 0 - year mortgage of $ 6 0 , 0 0 0 at 3 % interest? (

What is the monthly payment on a 30-year mortgage of $60,000 at 3% interest? (Round your answer to the nearest cent.)
$
What is the monthly payment on this same mortgage if it is to be repaid over a 15-year period? (Round your answer to the nearest cent.)
$

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