Question
Loan Payment

Larry Davis borrows $80.000 at 14 percent interest toward the purchase of a home is mortgages for 25 years. Use Accent calcul
Appendix D Present value of an ulty of S1, P, Period ON 10 11 12 0.83 0.962 0.962 1.970 1.780 2.577 3.312 0.917 0909 1759 173
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@ Mackgage Value - $60000 Interest Rate 145. matgage Peciod – 25 years. For annal payments we need to compute purent. value o

(6) Total Payments for Makgage - $ 11839.92 +25 = $ 290998 Total Interest Payment - Total Makgage Paymente Value - $290998 -

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