You are buying a house priced at $354,125. You plan to pay 29 of the price for

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You are buying a house priced at $354,125. You plan to pay 2ﬂ9ﬁ of the price for ﬂow payment and ﬁnance the rest. The mortgage loan you need to borrow lasts 3{} years and requires 4.25% interest rate per annum.

What is your payment EACH MONTH for the mortgage loan?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jul 05, 2023 07:57 AM

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You are buying a house priced at $354,125. You plan to pay 29 of the price for

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To calculate the monthly payment for the mortgage loan we can use the formula for mortgage paym... View the full answer

Personal Finance

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