Total payment amount over life of loan, Finance Basics

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Total payment amount over life of loan

Without the use of a financial calculator, how would I determine what the payment would be for a $250,000 loan with no down payment, amortized over 30 years (360 months) at 6% nominal annual interest. How to I calculate the monthly payment and the total payment amount over the life of the loan?

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Finance Basics: Total payment amount over life of loan

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Finance Basics: Total payment amount over life of loan

Reference No:- TGS038926

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Recent Questions Asked Finance Basics

Q : Holding period return on investment

Q : What is the slope of the budget line

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Total payment amount over life of loan

Reference No:- TGS038926

Recent Questions Asked Finance Basics

Q : Holding period return on investment

Q : What is the slope of the budget line

Q : Identify the most significant us gdp results

Q : Finding out the taxable income

Q : Total payment amount over life of loan

Q : What is the expected risk and return for a portfolio

Q : Net new long-term debt

Q : Problem associated to result of transaction

Q : Determining current margin position

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