Suppose you bought a house of 1000000 in january 1st 2013


Suppose you bought a house of $1,000,000 in January 1st 2013 with 20% down payment.

The fixed yearly mortgage rate is 4%. The loan periods are 30 years. What is your monthly payment (monthly compounded)? (please show work)

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Financial Management: Suppose you bought a house of 1000000 in january 1st 2013
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