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Using Table 14-1 from Your Text, Calculate the Required Information

question 16

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Using Table 14-1 from your text, calculate the required information for the following mortgage, rounding to the nearest cent.  Term # of  Amount  Interest  of $1,000 s Table  Monthly  Total  Financed  Rate  Loan  Financed  Factor  Payment  Interest $120,300812%40 years \begin{array} { l l l l l l l } & & \text { Term } & \# \text { of } & & & \\\text { Amount } & \text { Interest } & \text { of } & \$ 1,000 \mathrm {~s} & \text { Table } & \text { Monthly } & \text { Total } \\\text { Financed } & \text { Rate } & \text { Loan } & \text { Financed } & \text { Factor } & \text { Payment } & \text { Interest } \\\$ 120,300 & 8 \frac { 1 } { 2 } \% & 40 \text { years } & & & &\end{array}


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