Engineering, 11.12.2021 20:50 goobert

Determine the monthly payment for a 30-year real estate loan with an APR of 8.5% and an initial principal of $200,000. How much interest is paid over the life of the loan?
Also, determine the outstanding principal balance on the loan after 20 payments have been made.

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Determine the monthly payment for a 30-year real estate loan with an APR of 8.5% and an initial pr...