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Given the following answer questions

Purchasing price: $182,000

Interest rate: 3%

L/V: 82%

Term: 30 years monthly payments

1. The loan is equal to:

2. The monthly mortgage constant is equal to:

3. The monthly payment is equal to:

4. What is the interest payment:

5. The percentage paid off after 7 years is equal to:

6. The amount paid off after 7 years is equal to:

7. The amount still owed after 7 years is equal to:

8. How much interest will be paid over the 7 year period:

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92315626

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