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You plan to buy a house. The house will be financed with a $281,000, 30-year mortgage with a nominal interest rate of 8.23%. Mortgage payments
You plan to buy a house. The house will be financed with a $281,000, 30-year mortgage with a nominal interest rate of 8.23%. Mortgage payments are made at the end of each month. You expect that you will sell the house in 3 years. How much of the principal will you have repaid at the time you plan to sell the house?
$76,234.29 | |
$68,537.52 | |
$6,687.72 | |
$7,318.42 | |
$9,428.62 |
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