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E11 B home mortagage 2 Price of House 3 Downpayment= 4 Amount of loan= $450,000 $90,000 $360,000 5 Interest Rate (%)= 4% 6 Loan term
E11 B home mortagage 2 Price of House 3 Downpayment= 4 Amount of loan= $450,000 $90,000 $360,000 5 Interest Rate (%)= 4% 6 Loan term (in months)= 360 7 Monthly payment $1,718.70 8 D E C Payment Interest Expense Loan Repayment Loan Balance 9 10 Periods 11 0 12 1 13 2 14 3 15 16 17 4 5 6 18 7 19 8 20 9 21 10 22 11 23 12 24 13 25 14 26 15 27 16 28 17
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