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Determine net proceeds from sale of old residence

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Problem 1: Determine Net Proceeds from Sale of Old Residence (i.e. how much cash did George pocket from the sale)

Note: You know that a 30-year mortgage, such as this, calls for mostly interest payments in the early years, and mostly principal payments in the later years. Your best estimate is that during the first 10 years of the 30, Chapman probably paid about one-fourth of the principa

Reference no: EM132459405

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