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What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following
What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $249,000 with an interest rate of 7.9% per annum, term of 30 years, and monthly payments. (Round to nearest penny and enter, for example, as 123456.78)
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To calculate the total payments made over the 30 years we first need to calculate the monthly paymen...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
