Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6% per year.

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Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6% per year. What initial principal or PW will this repay?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:02 AM

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Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6% per year.

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Using the Excel function PV ...View the full answer

Engineering Economic Analysis

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