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How did they get this answer? #4 Derek borrows $320,815.00 to buy a house. He has a 30-year mortgage with a rate of 5.86%. After
How did they get this answer?
#4 Derek borrows $320,815.00 to buy a house. He has a 30-year mortgage with a rate of 5.86%. After making 124.00 payments, how much does he owe on the mortgage? answered incorrect 65165 Submit Correct Answer. $265,094.16 Answer format: Currency: Round to: 2 decimal places Points: 0 More Details Hide Hint Retake Similar to CSD Chapter 3 #30 Attempts Remaining: InfinityStep by Step Solution
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
