If you secure a loan of 120,000 with a fixed annual mortgage rate of 4%, what should

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If you secure a loan of 120,000 with a fixed annual mortgage rate of 4%, what should your monthly payment be in order to pay off the mortgage in 20 years?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Oct 26, 2023 02:28 AM

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If you secure a loan of 120,000 with a fixed annual mortgage rate of 4%, what should

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To calculate your monthly payment you can use the following formula Monthly payment Loan am... View the full answer

Personal Finance

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