Question
If the mortgage loan is 80% of the house purchase price and the interest rate of 6% amounts to $460 mortgage payment each month for
If the mortgage loan is 80% of the house purchase price and the interest rate of 6% amounts to $460 mortgage payment each month for 25 years, what is the house purchase price?
Group of answer choices
95,905
76,724
71,395
89,244
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
