You borrow 200000 from the bank on a 20 year loan with a 10


You borrow $200,000 from the bank on a 20 year loan with a 10% APR compounded monthly. If the bank borrows money at 7% APR compounded monthly, what is the present worth of the loan on the day it's executed and you get your $200,000?

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Finance Basics: You borrow 200000 from the bank on a 20 year loan with a 10
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