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Suppose you have a mortgage loan of $240,000 from your bank to buy your home. This mortgage is for 15 years (180 months) and your
Suppose you have a mortgage loan of $240,000 from your bank to buy your home. This mortgage is for 15 years (180 months) and your monthly payment is $1,805.47 per month. What is the APR for the loan? (The monthly payment is just for the loan, not insurance or taxes.)
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
