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28 Sep 2019
You purchase a house that costs $500,000 with an 8% (APR), 30-year mortgage. You make a 20% down payment to avoid PMI insurance.
1. What is your monthly payment?
2. Amortize the first and second payments.
3. What percentage of the mortgage is paid off after 5 years?
You purchase a house that costs $500,000 with an 8% (APR), 30-year mortgage. You make a 20% down payment to avoid PMI insurance.
1. What is your monthly payment?
2. Amortize the first and second payments.
3. What percentage of the mortgage is paid off after 5 years?
2
answers
0
watching
148
views
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nisar00087Lv7
3 Feb 2024
Hubert KochLv2
28 Sep 2019
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