Question
Larry has bought a house for $390,000. The lender has made him a 30 year loan at 2.61% interest rate with annual payments. How much
Larry has bought a house for $390,000. The lender has made him a 30 year loan at 2.61% interest rate with annual payments. How much interest will Larry pay the first year on his loan?
| $16, 536.97 | ||
| $10,179.00 | ||
| $10,830.00 | ||
| $13,624.85 |
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AQA AS Accounting Unit 1 Introduction To Financial Accounting
Authors: Brendan Casey
1st Edition
1499789653, 978-1499789652
