Louisa is purchasing a 125000 home and her bank is offering her a 30-year mortgage at a 475% interest rate In order to lower her monthly payment ,Louisa will make a 20% down payment and will purchase 2 points What will her monthly mortgage payment be?
Louisa is purchasing a 125000 home and her bank is offering her a 30-year mortgage at a 475% interest rate In order to lower her monthly payment ,Louisa will make a 20% down payment and will purchase 2 points What will her monthly mortgage payment be?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Louisa is purchasing a 125000 home and her bank is offering her a 30-year mortgage at a 475% interest rate In order to lower her monthly payment ,Louisa will make a 20% down payment and will purchase 2 points What will her monthly mortgage payment be?
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