A fully amortizing mortgage is made for $80,000 for 25 years. Total monthly payments will be $900

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A fully amortizing mortgage is made for $80,000 for 25 years. Total monthly payments will be $900 per month. What is the interest rate on the loan?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Question Posted: Sep 26, 2018 12:27 PM

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A fully amortizing mortgage is made for $80,000 for 25 years. Total monthly payments will be $900

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The interest rate on the loan is 1296 n 25x12 or 300 ...View the full answer

Real Estate Finance and Investments

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