You want to buy a house worth $3,230,000. You choose to take out a 30-year fixed rate

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You want to buy a house worth $3,230,000. You choose to take out a 30-year fixed rate conforming mortgage, put a downpayment of $1.4 million and borrow the rest. The APR of the mortgage is 4.563% compounded monthly.

What is the Present Value of the overall amount of interest you have to pay?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 28, 2024 12:11 AM

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You want to buy a house worth $3,230,000. You choose to take out a 30-year fixed rate

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Fundamentals of Financial Management

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