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please show all the work. its better if you can dolve without excel. You are thinking of purchasing a house. The house costs $300,000. You
please show all the work. its better if you can dolve without excel.
You are thinking of purchasing a house. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 8% per year. What will your annual payment be if you sign up for this mortgage? The annual payment is $0). (Round to the nearest dollar) Step by Step Solution
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