Question
You want to buy a house which is worth 100,000 with no money down and financing the loan with a 30 year maturity, 10% fixed
You want to buy a house which is worth 100,000 with no money down and financing the loan with a 30 year maturity, 10% fixed rate, level payment mortgage. How much interest will you pay with your first monthly mortgage payment?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
