A bank offers a home buyer a 30-year loan at 6% per year. If the home...
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A bank offers a home buyer a 30-year loan at 6% per year. If the home buyer borrows $140,000 from the bank, how much must be repaid every year? OA $12,205.02 OB. $14,239.19. OC. $10,170.85 OD. $16,273.36 A bank offers a home buyer a 30-year loan at 6% per year. If the home buyer borrows $140,000 from the bank, how much must be repaid every year? OA $12,205.02 OB. $14,239.19. OC. $10,170.85 OD. $16,273.36
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To calculate the annual payment for a 30year loan we can use the followi... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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