You borrowed $195,000 using a 10-year, fixed rate mortgage with monthly payments. The ending balance is $31,000 higher t

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answerhappygod
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You borrowed $195,000 using a 10-year, fixed rate mortgage with monthly payments. The ending balance is $31,000 higher t

Post by answerhappygod »

You borrowed $195,000 using a 10-year, fixed rate mortgage with
monthly payments. The ending balance is $31,000 higher than the
original amount borrowed. The rate on the loan is 10%. What is the
monthly payment on the mortgage?
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