Question
Suppose you bought a condo and took out a 30-year, $100,000 amortized loan at a nominal annual rate of 8% with annual end-of-year payments. How
Suppose you bought a condo and took out a 30-year, $100,000 amortized loan at a nominal annual rate of 8% with annual end-of-year payments. How large would your annual payments be? a. $8,882.74 b. $9,332.43 c. $7,929.38 d. $9,804.88 e. $9,565.74
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Infrastructure Planning And Finance
Authors: Vicki Elmer, Adam Leigland
1st Edition
0415693187, 978-0415693189
