You take out a real estate loan of 100,000 in constant monthly payments.The annual interest rate is

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You take out a real estate loan of 100,000€ in constant monthly payments.The annual interest rate is 3.6%.

The duration of the loan is 50 years.On what date (after how many months) Will you have repaid half of your loan?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 10, 2023 01:03 AM

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You take out a real estate loan of 100,000 in constant monthly payments.The annual interest rate is

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Step 11 After 4198 months we wil have repaid half of our lo... View the full answer

Fundamentals of Financial Management

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