Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Question 11
Find the monthly house payment necessary to amortize the following loan.
In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly payment?
$840.12
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