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(Solved): A mortgage loan of $4.2million is to be paid in 19 years.using equal monthly payments and the intere ...



A mortgage loan of $4.2million is to be paid in 19 years.using equal monthly payments and the interest rate is 6.53 percent. What would be the monthly payment?

Afrer 5 years, the interest rate decreases by 0.7 percent. What would be the new monthly payment?



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