SOLUTION: Find the monthly house payment necessary to amortize the following loan.
In order to purchase a home, a family borrows $167,000 at 8.2% for 15 yr. What is their monthly payment? R
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-> SOLUTION: Find the monthly house payment necessary to amortize the following loan.
In order to purchase a home, a family borrows $167,000 at 8.2% for 15 yr. What is their monthly payment? R
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Question 334121: Find the monthly house payment necessary to amortize the following loan.
In order to purchase a home, a family borrows $167,000 at 8.2% for 15 yr. What is their monthly payment? Round the answer to the nearest cent.
A)$1615.28 B)$1141.17 C)$11,751.63 D)$1865.85
please show work Answer by rfer(16322) (Show Source):
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