Question
You buy a $120,000 house and have a 20% down payment (hence the mortgage is for $96,000). A 30 year mortgage has a rate of
You buy a $120,000 house and have a 20% down payment (hence the mortgage is for $96,000). A 30 year mortgage has a rate of 6.5% and 0 points. What is the monthly mortgage payment?
Enter your answer below to the nearest cent. Do NOT include a dollar sign in you answer.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
