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July 29, 2015

Homework Help: Economics

Posted by Gabby on Friday, March 15, 2013 at 11:04am.

How do I figure out the principal in the equation principal X rate X time?
I am borrowing $255,920.00 which is the total amount of the home ($319,900.00) minus $63,980.00 (20%I put down).
I am trying to figure out what my monthly payment on the loan which willneed to be paid back in 25 years at 6.5%?

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