Question
Purchase Price = 980,000 Loan Terms: 7.125% Interest, 25% Down Payment Income: $8650/month Expenses: $3100/Month Payment: 5153.02 Find the length of the loan, and the
Purchase Price = 980,000
Loan Terms: 7.125% Interest, 25% Down Payment
Income: $8650/month
Expenses: $3100/Month
Payment: 5153.02
Find the length of the loan, and the amount of principal paid on your 100th payment.
How much would it shorten the loan if you added an extra $100 to each payment?
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
