What would be your monthly payment what would be the loan


You purchase a house for $200,000 by getting a mortgage for $160,000 and paying a $40,000 down payment (20%). You can get a 30 year mortgage with a 3.3% interest rate.

A. What would be your monthly payment? ______________

B. What would be the loan balance half way through in 15 years? __________________

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Financial Management: What would be your monthly payment what would be the loan
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