Question
You wish to borrow 200,000 for 20 years at 7% interest rate and amortize the loan by making monthly payments. You also agree to make
You wish to borrow 200,000 for 20 years at 7% interest rate and amortize the loan by making monthly payments. You also agree to make a balloon payment of $30,000 at the end of your last month (240th month). What will be your monthly payment? (using financial calculator)
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Extinction Governance Finance And Accounting
Authors: Jill Atkins, Martina Macpherson
1st Edition
0367492989, 978-0367492984
