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Posted on Sep 09, 2024

Assume you wish to borrow $ 4 0 0 , 0 0 0 to buy a house with a 3 0 year loan. Assume you

Assume you wish to borrow $

400, 000

to buy a house with a

30

year loan. Assume you will make yearly payments and the loan has an interest rate of

3.3 % .

What will be the yearly payment amount?

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