Question
Suppose you borrow $50,000 at 12 percent on a 30-year loan payable monthly. How much will you still owe after year 20? a. $16,667 b.
Suppose you borrow $50,000 at 12 percent on a 30-year loan payable monthly.
How much will you still owe after year 20? a. $16,667 b. $20,000 c. $30,847 d. $25,847 e. $35,847
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
