Question
Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $60,000,000. If Oprah puts 25% down and finances at 7.5% for 30
Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $60,000,000. If Oprah puts 25% down and finances at 7.5% for 30 years, what would her monthly payment be? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
Monthly payment $
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
