To buy a new house you must borrow 150000 to do this you, Ask an Expert

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To buy a new house you must borrow $150,000. To do this you take out a $150,000, 30 year, 10% mortgage. Your mortgage payments, which are made at the end of each year (one payment per year), include the principal and 10% interest on the declining balance. How large will your payments be?

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Financial Management, Finance

Category:- Financial Management
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