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What will your monthly interest rate payments be if the

1. Time Value Of Money 38. To buy a new house you take out a 25 year mortgage for $300,000. What will your monthly interest rate payments be if the interest rate on your mortgage is 8 percent?

Rate (i) =
Number of periods (n) =
Present value (PV) = $300,000
Future value (FV) = $0
Type (0 = at end of period) = 0
Monthly mortgage payment =

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