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A home mortgage has exactly 14.5 years remaining until it is paid off. Monthly payments are $380 on this loan. The interest rate is 6%
A home mortgage has exactly 14.5 years remaining until it is paid off. Monthly payments are $380 on this loan. The interest rate is 6% per year, compounded monthly. What is the principal balance of the loan?
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
