Jill bought a house for $200,000, by putting 20% down and borrowing the remainder. Her mortgage...
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Jill bought a house for $200,000, by putting 20% down and borrowing the remainder. Her mortgage is for 15 years at 8% interest. What is her monthly mortgage payment? How many years will it take for $4,500 to grow to $9,000 assuming an annual return of 10.8149%? Jill bought a house for $200,000, by putting 20% down and borrowing the remainder. Her mortgage is for 15 years at 8% interest. What is her monthly mortgage payment? How many years will it take for $4,500 to grow to $9,000 assuming an annual return of 10.8149%?
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To calculate Jills monthly mortgage payment well need to determine the loan amount and then use an a... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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