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What will be the loan outstanding at the end of years

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Problem 1: You have bought a house worth $260,000 by taking a 15 year loan at an annual rate of 4% per annum compounded monthly, what will be the loan outstanding at the end of 5 years?

Reference no: EM132724752

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What will be the loan outstanding at the end of years : $260,000 by taking a 15 year loan at an annual rate of 4% per annum compounded monthly, what will be the loan outstanding at the end of 5 years?
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