Business, 05.05.2020 04:58 genyjoannerubiera
Jerry bought a house for $500,000 and made a $100,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. The nominal annual interest rate was 9%. After 10 years (120 payments) he decided to pay the remaining balance on the loan. What must Jerry have paid, in addition to his monthly payment, to pay off the loan
Answers: 2
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Jerry bought a house for $500,000 and made a $100,000 down payment. He obtained a 30-year loan for t...
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