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At the end of 5/2016, Susan took out a 30- year loan of $300,000 with monthly payment. The loan has an annual rate of
At the end of 5/2016, Susan took out a 30- year loan of $300,000 with monthly payment. The loan has an annual rate of 6.5%. If, at the end of 9/2023, instantly after the monthly payment, she paid another $50,000 that she had saved so far. How much interest payment she can save on 11/2023 compared to if she did not pay the $50,000?
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To calculate the interest payment Susan can save in November 2023 by paying an additional 50000 lets break down the steps 1 Determine the number of mo...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
