Mr. Wiggley wants to buy a new house. It will
Chapter , Problem 6-27(choose chapter or problem)
Mr. Wiggley wants to buy a new house. It will cost$178,000. The bank will loan 90% of the purchaseprice at a nominal interest rate of 10.75% com-poundedweekly,andMr. Wiggley will makemonthlypayments. What is the amount of the monthly pay-ments if he intends to pay the house off in 25 years?
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