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You decide to purchase a new home and need a $200,000 mortgage. You take out a loan from the bank that has an interest
You decide to purchase a new home and need a $200,000 mortgage. You take out a loan from the bank that has an interest rate of 9%. What is the yearly payment to the bank to pay off the loan in 10 years? FP = $ (Round your response to two decimal places.)
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
