Question Completion Status: If you buy a $400,000 condo with 100% financing over 30 years...
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Question Completion Status: If you buy a $400,000 condo with 100% financing over 30 years at 10% interest per year, what will your annual payments be? Assume you are allowed to make annual payments. 42,432 58,989 88,455 89,560 QUESTION 11 What is the effective annual rate (EAR) for a 12% APR assuming monthly compounding? 12.2% 12.5% 12.7% 12.9% QUESTION 12 If you have a loan with a 12% interest rate this past year and inflation was 10%, what was the real rate of interest you paid on the loan using the approximation formula? 2% 10% 12% 22%
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