Suppose you are planning to purchase a house for 265500 you, Financial Management

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Suppose you are planning to purchase a house for 265500 you

Suppose you are planning to purchase a house for $265,500. You have a sufficient savings to make a down payment of 12.5%, and are interested in making weekly mortgage payments. The bank has offered you a rate at 8.25% for a 20-year mortgage.

What is the weekly interest rate on your mortgage?

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Financial Management: Suppose you are planning to purchase a house for 265500 you

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