Joe Jay purchased a new home with a $260,000 loan. He decided touse Loyal Bank for his
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Joe Jay purchased a new home with a $260,000 loan. He decided touse Loyal Bank for his mortgage and the bank required him to putdown 20%. The monthly payment for the 6.50% 25- year mortgage is$1,404.43. What was the principal after the first payment?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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