Question: How would I solve this using a finance calculator? Kimberly purchased a $2.0 million house. Paid 30% down payment, and financed the remainder 70%. The
How would I solve this using a finance calculator?
Kimberly purchased a $2.0 million house. Paid 30% down payment, and financed the remainder 70%. The terms of the loan: 15-year, monthly payments, 3.00% annual interest rate. Assume no other expenses. 1. What is her monthly payments? 2. For tax deduction purposes, what was her total annual interest payment for the 6th year only? I 3. What is her loan balance at the end of the 9th year
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