Question
You are considering purchasing a home with a price of $350,000. You will make a 20% downpayment and finance the rest with a 30-year fixed
You are considering purchasing a home with a price of $350,000. You will make a 20% downpayment and finance the rest with a 30-year fixed rate mortgage with monthly payments. The current interest rate is 4%. what would be the outstanding loan balance after 3 years (36 payments)?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
