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April 21, 2014

Homework Help: finance

Posted by tj on Friday, May 4, 2012 at 12:15am.

You take out a 30- yr mortgage loan, purchase price is $120,000 put $20,000 down and finances the balance of $100,000 at fixed annual loan rate of 12%, what will be your monthly payment? How much total interest will you have paid at the end of 30 years?

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