Question
You wish to purchase a piece of property costing $20,000 and will need to borrow 75% of the amount at an interest rate of 5.25%.
You wish to purchase a piece of property costing $20,000 and will need to borrow 75% of the amount at an interest rate of 5.25%. The loan term is 15 years with monthly payments. Calculate your monthly payment.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
