Dale and Annie found their dream home, which costs $429,500. Their bank offers them a 30-year mortgage
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Dale and Annie found their dream home, which costs $429,500. Their bank offers them a 30-year mortgage at 6.0% annual interest, compounded monthly. Assuming Dale and Annie make all of their payments and pay no extra principle, how much will they have spent on this home after 30 years?
Enter your answer as a numerical value (no labels) and round to the nearest cent.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: