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Mr. Johnson plans to buy a new house at Sugar Land in October 2011. The sale price of the house is $580,000. He plans to pay 20% down payments and borrow additional 80% from Wells Fargo Bank with a 30 year, 4.25% fixed-rate mortgage loan. He is expected to pay an equl MONTHLY payment starting from December 2011 for a total of 30 years.

Construct 2011-2013 amortization table (25 months) for Mr. Johnson

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M945021

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