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Business, 01.04.2021 20:20 milkshakegrande101

Arlen buys a home for $328,000 and makes a down payment of $33,000. The balance he finances with a fifteen-year mortgage with monthly pay- ments and an annual effective interest rate of 5.8%. There will be level payments followed by a final slightly reduced payment. Calculate the amount of interest that Arlen pays in the first five years of the loan.

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Arlen buys a home for $328,000 and makes a down payment of $33,000. The balance he finances with a f...
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