Question
You buy a house for $1,200,000 using a 30-year mortgage. The annual interest rate is 3%. Payments are made at the beginning of the time
You buy a house for $1,200,000 using a 30-year mortgage. The annual interest rate is 3%. Payments are made at the beginning of the time period. What is the total principal paid over the 20 year life of the mortgage?
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
