Question
You want to buy a new house. The bank is willing to make you a 30-year loan at 8% compounded monthly for 90% of the
You want to buy a new house. The bank is willing to make you a 30-year loan at 8% compounded monthly for 90% of the value of the house. How much is your down-payment if the mortgage payments are $2500 per month?
|
| $37,856.53 |
|
| $41,285.22 |
|
| $254,435.43 |
|
| $340,708.74 |
|
| $367,259.27 |
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
