Patty purchases a 250000 house she pays 50000 down and


Patty purchases a $250,000 house. She pays $50,000 down and takes out a 20 year mortgage with monthly payments, at an interest rate of 12% interest compounded monthly. How much money will Patty have to pay each month?

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Financial Management: Patty purchases a 250000 house she pays 50000 down and
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