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Find the monthly payment for a home loan

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Reference no: EM131628025

Question: 1. Find the monthly payment for a home loan of $160,000 using a 20-year fixed-rate mortgage at 5.5%.

2. Find the monthly payment for a home loan of $160,000 using a 25-year fixed-rate mortgage at 5.5%.

3. Find the monthly payment for a home loan of $160,000 using a 30-year fixed-rate mortgage at 5.5%.

Reference no: EM131628025

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