You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period

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You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Aug 05, 2013 03:15 AM

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You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period

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Computation of the following I 45 12 375 N 30 12 360 ...View the full answer

Fundamentals of Financial Management

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