Use your financial calculator to determine the monthly payments for each of the following $100,000 mortgage loans.
Question:
a. 30-year fixed at 5 percent
b. 15-year fixed at 4 percent
c. 20-year fixed at 4.5 percent
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Step by Step Answer:
a Using the calculator the monthly payment on the 30year 50 mortgage is 53682 Calculator solution PV ...View the full answer
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Related Book For 
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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