FIN 3710
You bought a $250,00 house 10 years ago using a 30 year fixed rate mortgage with. a. 20% down payment and. b. 6% interest rate. You have been paying the amount according to the schedule every month. For Question 8-10, assume the loan is interest only for the initial 10 years and then fully amortize over the remaining 20 years like a 20 year … ................
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