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a. If the first payment comes in one year, what is the present value of the winnings? b. What is the present value if the
a. If the first payment comes in one year, what is the present value of the winnings? b. What is the present value if the first payment comes immediately? 39. Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6% and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan? (LO5-3)
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
