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Business, 27.11.2019 02:31 acavalieri72

Ben buys his $230,000 home and, after the $40,000 down payment, finances the remainder with a simple interest amortized loan. ben can pay at most $1,200 per month for the loan, on which the lender has set an annual rate of 5%, which is compounded monthly.

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Ben buys his $230,000 home and, after the $40,000 down payment, finances the remainder with a simple...
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