Business, 14.08.2020 01:01 lolgirl9757

Barb bought a house with 20% down and the rest financed by a 30-year mortgage with monthly payments calculated at a nominal annual rate of interest 8.4% compounded monthly. She notices that one-third of the way through the mortgage she will still owe 200,000. Determine the purchase price of the house.

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Barb bought a house with 20% down and the rest financed by a 30-year mortgage with monthly payments...