Question
You purchase a $750,000 condo in Hoboken with a $550,000 permanent mortgage loan for 30 years. The annual interest rate on the loan is 4%.
You purchase a $750,000 condo in Hoboken with a $550,000 permanent mortgage loan for 30 years. The annual interest rate on the loan is 4%. Approximately how much are your monthly payments?
a. $2,387
b. $2,625
c. $3,580
d. $19,295
e. $31,807
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
