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The current interest rate on mortgages is 4 pa what is the

You wish to buy a house and are trying to figure out the loan size you can afford. You know that you can pay $10,000 every year towards the house with payments starting one year from today (t=1) until 30 years from today (t=30). The current interest rate on mortgages is 4% p.a. What is the loan size you can afford?

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Financial Management: The current interest rate on mortgages is 4 pa what is the

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