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please post how to do this in excel thank you! Suppose you buy a home and borrow $126,000 using a 30 year mortgage with an
please post how to do this in excel thank you!
Suppose you buy a home and borrow $126,000 using a 30 year mortgage with an annual interest rate of 5.30% (compounded monthly). You recall your FI 302 professor talking about how increasing your monthly payment can save you both time and money. You decided to pay 10% more each month than what the bank suggests your payment should be. Given this, in how many years will you pay off the loan? 24.3 32.1 21.1 27.9 18.4 Step by Step Solution
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