Question
You are deciding on purchasing a house for $175,000. In order to secure a 30 year mortgage at a 6% interest rate, your finance company
You are deciding on purchasing a house for $175,000. In order to secure a 30 year mortgage at a 6% interest rate, your finance company is requiring a 15% down payment. If you accepted the terms, how much would you pay in interest over the life of the loan?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
