Question
Mary takes out a 25-year mortgage of $280,000, to be repaid with monthly payments, the first coming a month from now. If the annual interest
Mary takes out a 25-year mortgage of $280,000, to be repaid with monthly payments, the first coming a month from now. If the annual interest rate is 8.8% compounded monthly, what is the total amount of interest that shell pay over the life of the loan, rounded to the nearest dollar?
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Handbook Of Project Finance For Water And Wastewater Systems
Authors: Michael Curley
1st Edition
0873714865, 978-0873714860
