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You want to buy a house which is worth $100,000 with no money down and financing the loan with a 30 year maturity, 10% f

Posted: Wed May 18, 2022 11:00 pm
by answerhappygod
You want to buy a house which is worth $100,000 with no money
down and financing the loan with a 30 year maturity, 10% fixed
rate, level payment mortgage. How much principal will you pay with
your first monthly mortgage payment?