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13-03-2021
Mathematics

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A loan for a house has a 5% annual interest rate. If you borrow $600,000 for 30 years, then what is the balance of the loan including the simple interest?

Respuesta :

13-03-2021

Answer:

the balance is how much you still owe on the loan.

the initial balance would be the $600,000. that would change monthly

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