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Calculate the monthly payments on mortgage

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You are purchasing a home and plan to take out a 25 year mortgage loan for $300,000. The interest rate on your loan will be 10% compounded monthly. What will the monthly payments on your mortgage be?

$2,726.10
$227.18
$33,050.42
$1,672.88
$3,085.84
$2,754.20

 

Reference no: EM1347372

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