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A couple has decided to purchase a $200000 house using a down payment of $12000. They can amortize the balance at 8% over 30
A couple has decided to purchase a $200000 house using a down payment of $12000. They can amortize the balance at 8% over 30 years. a) What is their monthly payment? Payment = $ b) What is the total interest paid? Total interest paid = $ c) What is the equity after 5 years? Equity after 5 years = $ d) What is the equity after 25 years? Equity after 25 years = $
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
