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Please give answer using PV formula as well as show calculations done with a non financial calculator nor excel. Thank you The Brown family recently
Please give answer using PV formula as well as show calculations done with a non financial calculator nor excel. Thank you
The Brown family recently bought a house. The house has a 30 year, $165,000 mortgage with a nominal interest rate of 8 percent. Payments are made at the end of each month How much will be paid to interest in month 377 a) $576.75 b) $1070.08 c) There is insufficient data to calculate a dollar figure d) $516.44Step by Step Solution
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