Suppose you obtain a home loan for 300000 at a rate of 4, Ask an Expert

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Suppose you obtain a home loan for $300,000, at a rate of 4% for a 15 year term. After 10 years, you win the lottery and want to pay off the rest of what you owe. How much will you need to pay? (One way to answer this question is to create a large amortization table. Another is to use the present value formula in a creative way….)

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Financial Management, Finance

Category:- Financial Management
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