You borrowed $300,000 to build a home by taking out a 30 year loan that...
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Finance
- You borrowed $300,000 to build a home by taking out a 30 year loan that has an interest rate of 12%. What will your annual payments be?
2. Bowflexs television ads say you can get a Treadclimber that sells for $12,000 for 5 annual payments of $3,000. What annual rate of interest are you paying on this loan?
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