Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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B bhupatbhai 

You plan to buy a house. The house will be financed with a $129,000, 30-year mortgage with a nominal interest rate of 8.21%. Mortgage payments are made at the end of each month. You expect that you will sell the house in 7 years. How much of the principal will you have repaid at the time you plan to sell the house? $71,731.03 $9,371.71 $8,564.05 $79,786.43 $12,073.95
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Transcribed Image Text:You plan to buy a house. The house will be financed with a $129,000, 30-year mortgage with a nominal interest rate of 8.21%. Mortgage payments are made at the end of each month. You expect that you will sell the house in 7 years. How much of the principal will you have repaid at the time you plan to sell the house? $71,731.03 $9,371.71 $8,564.05 $79,786.43 $12,073.95
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