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Suppose Ann wants to get a fully amortizing, 3 0 - year Fixed Rate Mortgage, for $ 1 , 0 0 0 , 0 0
Suppose Ann wants to get a fully amortizing, year Fixed Rate Mortgage, for $ at a annual
interest rate, compounded monthly, with monthly payments. How much interest will Ann pay over the life of
the loan? Hint: compute the total amount Ann will pay the lender, then subtract the principal.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
