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The Bahary family bought a house for $191,000. They paid $40,000 down and took out a 30-year mortgage for the balance at 6.(a) Find their monthly...

The Bahary family bought a house for $191,000. They paid $40,000 down and took out a 30-year mortgage for the balance at 6.5%.(a) Find their monthly payment.

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payment=191000-40000=151000 pmt={r*PV/(1-(1+r) -n }... View the full answer

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Here is the solution... View the full answer

p = 151,000. n = 360 MONTHS i =  ​ 1 2 ​ ​ 6 . 5 ​ ​ %  =  ​ 1 2 0 0 ​ ​ 6 . 5... View the full answer

The monthly... View the full answer

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