How much interest (to the nearest dollar) would be saved on the following loan if the condominium were financed for 15 rather than 30 years? A $264,0000 condominium bought with 30% down payment and the balance financed for 30 years at 4.05%
How much interest (to the nearest dollar) would be saved on the following loan if the condominium were financed for 15 rather than 30 years? A $264,0000 condominium bought with 30% down payment and the balance financed for 30 years at 4.05%
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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How much interest (to the nearest dollar) would be saved on the following loan if the condominium were financed for 15 rather than 30 years? A $264,0000 condominium bought with 30% down payment and the balance financed for 30 years at 4.05%
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