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July 26, 2014

July 26, 2014

Posted by **Misty** on Monday, October 22, 2012 at 10:52pm.

- Math -
**Steve**, Tuesday, October 23, 2012 at 5:04amassuming monthly payments,

M = Pr/(1 - 1/(1+r)^n)

= 175000*.005/(1-1/(1.005)^(15*12))

= 1476.75

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