Suppose that you get a 15-year mortgage for $100,000 at 6.75%. What is your monthly payment? (Fill in the blank below and round your answer to 2 decimal places.) Your monthly payment would be $______.

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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter5: Making Automobile And Housing Decisions
Section: Chapter Questions
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Suppose that you get a 15-year mortgage for $100,000 at 6.75%.

What is your monthly payment?

(Fill in the blank below and round your answer to 2 decimal places.)

Your monthly payment would be $______.

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