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Business, 30.03.2020 01:07 einstein101

50 points!!
We would like to mortgage (borrow) $150,000 at 5.5% annual rate from the bank for a 30 year mortgage. What would our monthly payment be for the mortgage alone? (Answer for each of the following. Do not use "%" for I/Y. Place a "0" in any item that is N/A. Round to 2 decimal places)
N represents the number of periods
I/Y represents the interest per period
PV represents the present value (if we input a present value it must go in as a negative number)
PMT represent the equal payment required or give to us over time
FV represents the future value
Answer with each value for N, I/Y, PV, PMT, and FV.

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