Question 20: Jim and Cathy have bought a $300,000 house. The interest is at 3.9%,...
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Accounting
Question 20:
Jim and Cathy have bought a $300,000 house. The interest is at 3.9%, paid monthly, and is a 20 year loan. They plan to borrow the entire $300,000 for the purchase. How much will their monthly payment be, excluding taxes and insurance?
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