Consider a 20 year loan for $200,000 with annual payments of interest plus equal principal reduction. What

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Consider a 20 year loan for $200,000 with annual payments of interest plus equal principal reduction. What is the first year's payment amount if the interest rate is 3%?

Posted Date: May 14, 2024 05:36 AM

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Consider a 20 year loan for $200,000 with annual payments of interest plus equal principal reduction. What

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Answer To calculate the first years payment amount for a 20year loan of 200000 with an ... View the full answer

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