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You borrow $ 500,000 from the bank at a 5% interest rate per year. You will pay this in 240 monthly payments, given this is
You borrow $ 500,000 from the bank at a 5% interest rate per year. You will pay this in 240 monthly payments, given this is a mortgage. What is the monthly payment for this loan?
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
