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QUESTION
Find the monthly house payment necessary to amortize the following loan.In order to purchase a home, a family borrows $267,000 at 10.8% for 15 yr.
Find the monthly house payment necessary to amortize the following loan.In order to purchase a home, a family borrows $267,000 at 10.8% for 15 yr. What is their monthly payment? Round the answer to the nearest cent.--------------------------------------------------------------------------------
