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Suppose you borrow $150,000 to buy a house, to be paid back over 30 years in monthly payments. If the 30 year mortgage interest rate
Suppose you borrow $150,000 to buy a house, to be paid back over 30 years in monthly payments. If the 30 year mortgage interest rate is 5%, complete the following information corresponding to the 36th payment. Loan payment = Interest = Repayment of principle = End of year loan balance =
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