You took a 5-year $256,000 interest only loan. The APR is 10.7%/year and payments are monthly.
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Question:
You took a 5-year $256,000 interest only loan. The APR is 10.7%/year and payments are monthly.
What will be your loan balance ($) a year from, right after paying your 12th payment?
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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