Gabriel le has taken a loan of $200,000 to be paid back over 15 years at 8%

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Gabriel le has taken a loan of $200,000 to be paid back over 15 years at 8% interest:

a) What amount will she have to pay back each year to pay off the loan?

b) What is the total sum of interest payments over the life of the loan?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jul 02, 2023 11:56 PM

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Gabriel le has taken a loan of $200,000 to be paid back over 15 years at 8%

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ANSWER To calculate the amount that Gabriel will have to pay back each year to pay off the loan and ... View the full answer

Income Tax Fundamentals 2013

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