Question
und If Brian wants to buy a house that cost $220000 the bank agreed to give him 80% of cost at 0.08 annual interest on
und
If Brian wants to buy a house that cost $220000 the bank agreed to give him 80% of cost at 0.08 annual interest on a 25-year loan, what is his monthly payment?
what is his monthly payment?
Answer for part 1
what is the interest in the first period
Answer for part 2
what is the principle in the first month
Answer for part 3
what is the total interest paid?
Answer for part 4
efined
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
