A home buyer takes out a $30,000 mortgage at an annual interest rate of 9%. This loan is
Chapter 1, Problem 9(choose chapter or problem)
A home buyer takes out a $30,000 mortgage at an annual interest rate of 9%. This loan is to be repaid over 20 years in 240 equal monthly installments of x dollars. (a) Compute x. (b) Find x if the annual interest rate is lo%.
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