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You borrow $450000 to buy a home. The amortization period (n) is 35 years. You elect to make monthly payments (m=12). The bank quotes you
You borrow $450000 to buy a home. The amortization period (n) is 35 years. You elect to make monthly payments (m=12). The bank quotes you a rate of 4.00%. How much principal remains owing after 4 years of making payments? Round your answer to 2 decimal places Step by Step Solution
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
