Question 11: Jerry and Elaine finally got married, and have bought a $325,000 house. The...
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Accounting
Question 11:
Jerry and Elaine finally got married, and have bought a $325,000 house. The interest rate is at 3.90%, paid monthly, and is a 30-year loan. They plan to borrow $300,000 for the purchase and put down $25,000.00. How much principal on the loan will they pay over the 30 years?
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