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    The monthly mortgage payment for a $300,000 home loan with a 5% annual interest rate (0.4% monthly rate) over 20 years is $1,980. The loan is for 20 years with 240 monthly payments.

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    The monthly mortgage payment for a $300,000 home loan with a 5% annual interest rate (0.4% monthly rate) over 20 years is $1,980. The loan is for 20 years with 240 monthly payments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    20 views1 page

    Excel

    Uploaded by

    kaka
    The monthly mortgage payment for a $300,000 home loan with a 5% annual interest rate (0.4% monthly rate) over 20 years is $1,980. The loan is for 20 years with 240 monthly payments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Monthly Mortgage Payment

    Price $300,000
    Annual Interest Rate 5%
    Monthly Interest Rate 0.4%
    Loan Duration (Years) 20
    Number of Periods (Months) 240

    Monthly Mortgage Payment -$1,980

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