(An equal payment loan, finding n) You would like to borrow $200,000 to finance your new house....

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(An equal payment loan, finding n) You would like to borrow $200,000 to finance your new house. The bank charges a monthly interest rate of 0.75%.

What is the loan term in years if you would like to pay $2,000 every month to the bank and the loan is an equal payment mortgage?

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Principles Of Finance Wtih Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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Question Posted: Jun 07, 2024 01:19 AM

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(An equal payment loan, finding n) You would like to borrow $200,000 to finance your new house....

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Principles Of Finance Wtih Excel

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