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You have just added a swimming pool and deck to your home

Question - You have just added a swimming pool and deck to your home, and have taken out a 10% mortgage loan on which you agreed to make 20 annual payments of $4,698.37.

a) What was the amount of the mortgage?

B) What is the total amount of the payments you will make over the 20 years?

c) What accounts for the different between the amounts in a and b?

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Accounting Basics: You have just added a swimming pool and deck to your home

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Accounting Basics: You have just added a swimming pool and deck to your home

Reference No:- TGS02532857

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