Solution-What is monthly principal and interest payment

What is monthly principal and interest payment

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Reference no: EM132814658

Please research a property you would be interested in buying.

Research the following for this project:

The purchase price of the property (how much does it cost) you plan to buy $
You plan to make a 25% down payment (25% of the purchase price) therefore you are seeking a $XXX,XXX mortgage (75% of the cost of your property).
Your loan will be monthly for 30 years

Problem 1: What is your monthly principal and interest payment?

Reference no: EM132814658

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