Question
You purchase a house for $102,779.00. 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 $102,779.00. 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 5.49%. Mortgage payments are made monthly, what is the monthly amount of your mortgage payment?
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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
