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Valarie bought a $500,000 house. Paid 20% down payment and financed the remainder. The terms of the loan are: 30-year, monthly payments, 9.00% annual interest
- Valarie bought a $500,000 house. Paid 20% down payment and financed the remainder. The terms of the loan are: 30-year, monthly payments, 9.00% annual interest rate. Assume no other expenses. What are her monthly payments?
- What is her outstanding loan balance at the end of the 8th year?
- What will her total annual interest payments for the entire 11th year?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
