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 principal will you pay with your first monthly mortgage payment?
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Public Finance
Authors: Harvey S Rosen, Ted Gayer
9th International Edition
0071267883, 9780071267885
