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the Brown family just got a 15-year home loan at the end of the fifteen years that will have made a total of 428,400 loan payment assuming their monthly loan payments always the same amount how much would they pay each month

Respuesta :

Since the time of duration of the loan is 15 years, then we have to divide 428,422 in 15*12=180, since each year has 12 months.

[tex]\frac{428,422}{180}=2,380[/tex]

Their monthly loan payments are $2,380 each month.

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