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You purchase a house for $100,950.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage
| You purchase a house for $100,950.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30-year mortgage with an annual interest rate of 6.46%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? |
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
