What is the amount of monthly payment

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Question 1: The bank offers a 25?-year mortgage with fixed monthly payments and an interest rate of 0.52% per month. What is the amount of your monthly payment if you take this? loan?

Question 2: ?Alternatively, you can get a 10?-year mortgage with fixed monthly payments and an interest rate of 0.39% per month. How much would your monthly payments be if you take this loan? instead?

Reference no: EM132904530

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