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What are the monthly payments at the end of each month

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Mr. and Mrs. Trump have just purchased an $1,000,000 house and have made a down payment of $100,000. They can amortize the balance at 9.5% for 25 years.

a. What are the monthly payments at the end of each month?

b. What is their total interest payment?

c. After 15 years, what is the equity value?

Reference no: EM131803362

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