Assume you borrow 100000 from a bank to buy a house at 7


Assume you borrow $100,000 from a bank to buy a house at 7% interest for 30 years with monthly payments. How much do you need to pay every month? And how much interest will you pay to the bank during year 4 only?

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Financial Management: Assume you borrow 100000 from a bank to buy a house at 7
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