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Use your financial calculator to determine the monthly payments for each of the following ​$119, 800...

Use your financial calculator to determine the monthly payments for each of the following ​$119, 800 mortgage loans. Assume no prepayments.

a. ​30-year fixed at 7.75 percent

b.​ 15-year fixed at 6.75 percent

c.​ 20-year fixed at 7.25 percent

. a. The monthly​ payment, PMT​, on the​ 30-year loan is ​$_______ . ​(Round to the nearest​ cent.)

. b. The monthly​ payment, PMT​, on the​ 15-year loan is ​$_______ . ​(Round to the nearest​ cent.)

. c. The monthly​ payment, PMT​, on the​ 20-year loan is ​$_______ . ​(Round to the nearest​ cent.)

Math   Statistics-And-Probability   
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