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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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
978-1119048473
