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Determining the loan payment

Assume you just bought a new home and now have a mortgage on the home. The amount of the principal is $150,000, the loan is at5% APR, and the monthly payments are spread out over 30 years. What is the loan payment? Use a calculator to determine your answer.

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Finance Basics: Determining the loan payment

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Determining the loan payment

Reference No:- TGS0675716

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Determining the loan payment

Reference No:- TGS0675716

Recent Questions Asked Finance Basics

Q : Determine the lifo liquidation profit or loss

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