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What will be the loan balance at the end of nine years

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You bought a house with price of $250,000. Your LTV (Loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost of $10,000.

What will be the loan balance at the end of nine years? Please show calculations in excel.

Reference no: EM132515891

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