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2. Ted and Jane are buying a house for $280,000. They will make a 25% down payment. They will be able to obtain a loan
2. Ted and Jane are buying a house for $280,000. They will make a 25% down payment. They will be able to obtain a loan at 8.5% per annum interest. What will be their annual payment if their loan is for 15 years? 25 years? What will be the monthly payment if their loan is for 15 years? 30 years?
The correct answers are below, I just need to know how to solve using a financial calculator
2. 25,288.3, 20,519.45, 2,067.95, 1,614.72
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