Question
A couple has decided to purchase a $180000 house using a down payment of $15000. They can amortize the balance at 7% over 30 years.
A couple has decided to purchase a $180000 house using a down payment of $15000. They can amortize the balance at 7% over 30 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answer = $ c) What is the equity after 5 years? Answer = $ d) What is the equity after 25 years? Answer = $
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
