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2. You plan to buy a condo worth $125,000 condo and put 20% down payment. With the current interest rate of 5%, you can
2. You plan to buy a condo worth $125,000 condo and put 20% down payment. With the current interest rate of 5%, you can pay $660 each month. You want to know a) What is your loan amount. b) How long it will take to pay off your mortgage. Round your answer to the nearest years. Show your work:
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
