Question
Recently I bought a house but really do not know a lot about time value of money. I took out a $375,000 loan (pv) w/
Recently I bought a house but really do not know a lot about time value of money. I took out a $375,000 loan (pv) w/ a 4% interest rate. Payments are made monthly in the amount of $2,726.91. How long until my home is completely paid off (0=fv)?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
