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You borrow 165,000 to buy a house. The mortgage rate is 7.5 percent compounded monthly and the loan period is 30 years. Payments are made
You borrow 165,000 to buy a house. The mortgage rate is 7.5 percent compounded monthly and the loan period is 30 years. Payments are made monthly. If you pay the martgage according to the loan agreement, how much total intrest will you pay over the life of the loan?
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
