If the mortgage calls for equal monthly payments for 20
Ms. Colonial has just taken out a $150,000 mortgage at an interest rate of 6% per year. If the mortgage calls for equal monthly payments for 20 years, what is the amount of each payment? (Assume monthly compounding or discounting.)
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ms colonial has just taken out a 150000 mortgage at an interest rate of 6 per year if the mortgage calls for equal
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