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What is the monthly payment

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Reference no: EM13191009

Monthly Payment for a $1,000 Loan
Annual Interest Rat Length of Loan in Years
20 25 30
6.00 % $7.16 $6.44 $6.00
6.50% $7.46 $6.75 $6.32
You are applying for a $175,000.00 loan at an annual percentage rate of 6.5 % for 30 years .
What is the monthly payment?

Reference no: EM13191009

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