Consider a 30 year mortgage for $462,264 as in the previous section. What would happen if the
Question:
Consider a 30 year mortgage for $462,264 as in the previous section. What would happen if the interest rate / year dropped from 10.21% to 7.95%. How much of each year's payment goes to paying interest and how much goes to reducing the principal under the two interest rates?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
3+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
