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You intend to purchase a $220,000 property with 6% interest. The loan terms are 30 year with monthly payments. How much is each payment? 15982.76

You intend to purchase a $220,000 property with 6% interest. The loan terms are 30 year with monthly payments. How much is each payment?

15982.76 13741.25 1319.01 1143.68

Question 16.16. Following previous question (Q15), how much would you owe the bank if you sold the property at the end of 5 years?

204,313.31 204,719.40 198,794.11 174,313.87

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