You took a loan for four hundred thousand and paid twenty percent as down payment while securing
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You took a loan for four hundred thousand and paid twenty percent as down payment while securing a thirty year mortgage for the rest of the balance. Payments are due every month. There is an annualized rate of five percent compounded each month, so what is the monthly payment?
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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