Math please check answer

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please check my answer :)

The monthly payment of a $100,000 mortgage at a rate of 8 1/2 % for 20 years is 8678.23

  • Math please check answer -

    Does a payment of almost 9 thousand dollars a month make sense to you? At that rate, you'd have the mortgage paid in about a year (12 * $9,000 = $108,000.

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