Question
You decide to borrow $350000 to build a new home. The bank charges an interest rate of 6% compounded monthly. If you pay back the
You decide to borrow $350000 to build a new home. The bank charges an interest rate of 6% compounded monthly. If you pay back the loan over 30 years, what will your monthly payments be (rounded to the nearest dollar)?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
