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What are the monthly payments

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1. Given a 6 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500.

2. John purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. If he gets a 15-year mortgage with a 6% interest rate, what are the monthly payments?

Reference no: EM132484000

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