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4. Suppose you borrow $150,000 to buy a house, to be paid back over 30 years in monthly payments.If the 30 year mortgage interest rate
4. Suppose you borrow $150,000 to buy a house, to be paid back over 30 years in monthly payments.If the 30 year mortgage interest rate is 8%, complete the following information corresponding to the 36th payment.
Loan payment
Interest
Repayment of principle
End of year loan balance
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