Question
You decide to borrow $250,000 to build a new home. The bank charges a monthly effective interest rate of .006667. If you pay back the
You decide to borrow $250,000 to build a new home. The bank charges a monthly effective interest rate of .006667. If you pay back the loan over 30 years, what will your monthly payments be (rounded to the nearest dollar)?
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Capital Budgeting
Authors: Pamela P. Peterson
1st Edition
0471218332, 9780471218333
