Question 18 3.6 pts A borrower bought a house for $300,000; he can obtain an...
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Question 18 3.6 pts A borrower bought a house for $300,000; he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively he could get a 30-year fully amortizing 90% loan at 9%. What is the difference in loan balance assume the borrower will hold the loan for 10 years
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