You are considering purchasing a home with a price of


Question: You are considering purchasing a home with a price of $350,000. You will make a 20% downpayment and finance the rest with a 30-year fixed rate mortgage with monthly payments. The current interest rate is 4%. what would be the outstanding loan balance after 3 years (36 payments)?

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Finance Basics: You are considering purchasing a home with a price of
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