You have borrowed $100,000 on a 40-year mortgage with monthly payments. The annual interest rate is 16
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You have borrowed $100,000 on a 40-year mortgage with monthly payments. The annual interest rate is 16 percent. How much will you pay over the course of the loan? With four years left on the loan, how much will you still owe?
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To calculate the total amount paid over the course of the loan we need to find the monthly payment f...View the full answer
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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