You are looking to purchase a house for $196,000. If you put 20% down and finance the rest, what would be your monthly payment (PI) if the interest is 4.8% compounded monthly over 30 years?
You are looking to purchase a house for $196,000. If you put 20% down and finance the rest, what would be your monthly payment (PI) if the interest is 4.8% compounded monthly over 30 years?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1QTD
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You are looking to purchase a house for $196,000. If you put 20% down and finance the rest, what would be your monthly payment (PI) if the interest is 4.8% compounded monthly over 30 years?
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