You have contracted to buy a house for $250,000, paying $30,000 down and taking out fully amortizing
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You have contracted to buy a house for $250,000, paying $30,000 down and taking out fully amortizing loan for the balance, at a 5.7% annual rate for 30 years.
What will your monthly payment be if they make equal monthly installments over the next 30 years (to the nearest dollar)?
A) $1,189
B) $1,123
C) $1,035
D) $1,277
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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