Question
You can afford a $1450 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can
You can afford a $1450 per month mortgage payment. You've found a 30 year loan at 8% interest.
a) How big of a loan can you afford?
b) How much total money will you pay the loan company?
c) How much of that money is interest?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
