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2.) you just got a 10-year mortage loan with $1300 monthly payments and 4.8% annual interest rate (compounds monthly). how much money do you need
2.) you just got a 10-year mortage loan with $1300 monthly payments and 4.8% annual interest rate (compounds monthly). how much money do you need if you want to pay off this loan after the 20th payment?
a. $123,703
b. $106,972
c. $142,393
d. $130,000
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
