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can you please show how to solve with written formula? (no excel solution) Assumption Purchase Price: 350,000 Loan-value: 80% interest rate: 9% Term of loan:
can you please show how to solve with written formula? (no excel solution)
Assumption Purchase Price: 350,000 Loan-value: 80% interest rate: 9% Term of loan: 30 years Monthly payment: What is the monthly payment? Interest paid in the 2 nd month? % paid after 6 years? Amount of loan paid after 6 years? Amount you still owe after 6 years Step by Step Solution
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