Question

Juan has just borrowed $85,000 at 8.25% per annum over 30 years to buy a house. What are his monthly payments? Suppose Juan wants to retire in 20 years and have his house paid off. How much will he have to add to his monthly payments to pay off the loan in 20 years?

Answer #1

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**As nothing was mentioned excel is used.**

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Please do not use excel
$714.43
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