The value of a $200,000 fixed-rate, 35-year mortgage falls to $179,074 when interest rates move from 10%
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The value of a $200,000 fixed-rate, 35-year mortgage falls to $179,074 when interest rates move from 10% to 12%. What is the approximate duration of the mortgage?
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Approximate duration of the mortgage 1046300 months This is ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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