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How much will sarah still owe on her house

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Reference no: EM131556675

Question: FINANCING A HOME Sarah secured a bank loan of $200,000 for the purchase of a house. The mortgage is to be amortized through monthly payments for a term of 15 yr, with an interest rate of 6%/year compounded monthly on the unpaid balance. She plans to sell her house in 5 yr. How much will Sarah still owe on her house?

Reference no: EM131556675

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