6. (PMT) You need to take out a home mortgage for $200,000. If payments are made annually...

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6. (PMT) You need to take out a home mortgage for

$200,000. If payments are made annually over 30 years and the interest rate is 8%, what is the amount of the annual payment?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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