You are considering buying a $200,000 house with a 5 percent down payment, a 30-year mortgage, a
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You are considering buying a $200,000 house with a 5 percent down payment, a 30-year mortgage, a fixed annual rate of 4.5 percent, and monthly payments. What is the monthly payment? What is the monthly payment times 12? What is the annual payment assuming payments are made annually instead of monthly?
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30 years is 360 months and the monthly interest rate is 4512 Th...View the full answer
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Related Book For 
Real Estate Principles A Value Approach
ISBN: 978-0077836368
5th edition
Authors: David C Ling, Wayne Archer
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