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    Economics Help?? Anyone?

    Assume that you borrowed 300,000 from Cape Bank to purchase a house and agreed to pay the loan in monthly installments over next 30 years (total 360 payments). The mortgage rate is 8% compounded daily and you make payments each month starting end of first month from the date you borrow the...
  2. B

    Financial HW question....?

    Assume that you borrowed 300,000 from Cape Bank to purchase a house and agreed to pay the loan in monthly installments over next 30 years (total 360 payments). The mortgage rate is 8% compounded daily and you make payments each month starting end of first month from the date you borrow the...
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