You borrow money from your bank to purchase a house. You are offered the following information. Find
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Question:
You borrow money from your bank to purchase a house. You are offered the following information. Find out the price of house based on the table, i.e., find out PV of the loan. Assume that there is no down payment and ignore any tax or insurance payments on this loan.
Period | 30 Years |
Interest Rate (APR) | 4.5% |
Monthly Payments | $3,500 |
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: