Question
Charlotte buys a piece of real estate for $260,000. To fund this purchase, she takes out a 20-year loan for the full purchase price at
Charlotte buys a piece of real estate for
$260,000.
To fund this purchase, she takes out a
20-year
loan for the full purchase price at an interest rate of
6%
per year (EAR). What is the annual loan payment that Charlotte must make on this loan?
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
