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You want to buy a $260,000 home. You plan to pay $13000 as a down payment, and take out a 30 year loan for the
You want to buy a $260,000 home. You plan to pay $13000 as a down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is 6% monthly?
$
c) What will your monthly payments be if the interest rate is 7% monthly?
$
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is 6% monthly?
$
c) What will your monthly payments be if the interest rate is 7% monthly?
$
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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
