The personal lender charges John an interest rate of 7.49per cent, nevertheless the loan is a pastime just loan.

The personal lender charges John an interest rate of 7.49per cent, nevertheless the loan is a pastime just loan. Which means that John must pay just the attention percentage of the mortgage without making any re payments towards the principal outstanding stability. John is buying exactly the same new house and it has $200,000 to provide as being a…

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