Question
After paying a 20% deposit on a $300,000 home, David and Kennah finance the rest of the home cost and the closing fees for their
After paying a 20% deposit on a $300,000 home, David and Kennah finance the rest of the home cost and the closing fees for their home purchase with a 30-year loan for $246,029 that charges an annual percentage rate of 4.12%. Calculate the total sum (NOT A SINGLE MONTHLY PAYMENT) of all monthly payments required to pay off this loan. Round to the nearest whole number.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
