SIMPLE INTEREST AND DISCOUNT - OpenStax CNX
14) You want to purchase a home for $200,000 with a 30-year mortgage at 9.24% interest. Find a) the monthly payment and b) the balance owed after 20 years. 15) When Jose bought his car, he amortized his loan over 6 years at a rate of 9.2%, and his monthly payment came out to be $350 per month. ................
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