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Assume you have just taken out a new home mortgage you will

Assume you have just taken out a new home mortgage. You will borrow $200,000 and make equal annual payments for 20 years. If the interest rate is 10% per year, how much will the payments be if you pay interest on the unpaid balance each year? Please show work thank you

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Finance Basics: Assume you have just taken out a new home mortgage you will

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