Engineering Economics Question: A home loan is taken out for $162,000. The loan is for 30...

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Engineering Economics Question: A home loan is taken out for $162,000. The loan is for 30 years, with a nominal annual rate o

business economics

Answer 1

Answer #1

Interest portion Principal & Interest Rate 12 = 162,000 X 0.075 12 $10125 Interest postion out of $132.73 is $1012.5

Answer 2

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