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You bought a house for $520,000 with a 21 year bank loan that has monthly payments at an interest rate of 10% (APR). Immediately after
You bought a house for $520,000 with a 21 year bank loan that has monthly payments at an interest rate of 10% (APR). Immediately after year 9 (12 years left on the loan)you will resell the house for \$624,000 and completely pay off the rest of the loan. How much do you have to pay the bank to completely pay off the loan?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
