You plan to buy a 152015 house you have 24200 to use as the


You plan to buy a $152,015 house. You have $24,200 to use as the down payment. The bank offers to loan you the remainder at 18% nominal interest compounded monthly. The term of the loan is 20 years. What is your equal monthly loan payment?

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Business Economics: You plan to buy a 152015 house you have 24200 to use as the
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