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Use your financial calculator to determine the monthly payments for each of the following $83,500 mortgage loans. Assume no prepayments.

a. ?30-year fixed at8.5 percent

b.? 15-year fixed at 7.5 percent

c.? 20-year fixed at 8 percent

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

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Category:- Financial Management
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