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Bimal Shah
Bimal Shah , Financial Advisor
Category: Finance
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Experience:  CLU, ChFC, CASL 13 years of Experience
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John Doeber borrowed $125,000 to buy a house. His loan cost

Customer Question

John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the loan in 15 equal annual payments. How much are the annual payments?
Submitted: 6 years ago.
Category: Finance
Expert:  Bimal Shah replied 6 years ago.
$17,049 assuming your loan interest is 11%. I hope this helps. Please click accept if it answers your question.

Edited by Bimal Shah on 1/30/2010 at 9:29 PM EST

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