What is the approximate size of the mortgage

Reference no: EM13269521

Your real estate agent mentions that homes in your price range require a payment of approximately $1,200 per month for 30 years at 12% (APR) interest. The first payment will be made at the end of the third year (month 36). What is the approximate size (present value, month 0) of the mortgage?

Reference no: EM13269521

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