Question
You are buying a new home, and you have negotiated a 15-year mortgage loan with a local bank for an amount $341,000 at 7.75 percent
You are buying a new home, and you have negotiated a 15-year mortgage loan with a local bank for an amount $341,000 at 7.75 percent APR with monthly compounding. What would your monthly payment be? Round it to two decimal place (cents), e.g., 234.56
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Loan amount 341000 Period 15 years 180 interest 775120645 Present v...
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
