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Business, 08.11.2019 07:31 rome58

You want to ourchase a house that is priced at $85000. you can get a loan for 80 percent of the banks appraised value at 15 1/4 percent for 30 years with monthly amortization. the banks appraiser has a theory that the value of a house is 95 percent of the asking price and appraises it accordingly . what will be your monthly payment if you take the loan?

set up an amortization schedule for years 1-5 for this problem showing annual mortgage payment amounts, yearly mortgage balances, principal, and interest for each year (total)

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