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Sarah is considering purchasing a house for $178,000. The owner is willing to finance 85% of the purchase price with a 8% mortgage with amortization
Sarah is considering purchasing a house for $178,000. The owner is willing to finance 85% of the purchase price with a 8% mortgage with amortization over 15 years. What is the monthly payment on this mortgage?
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To calculate the monthly payment on the mortgage we can use the formula for calculating the fixed mo...
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
