Question
1. You are offered the opportunity to buy a note for $10,000. The note is certain to pay $2000 at the end of each of
1. You are offered the opportunity to buy a note for $10,000. The note is certain to pay $2000 at the end of each of the next 15 years. If you buy the note, what rate of interest will you receive on this investment (to nearest %)
2.You have just taken out a 30 year, $120,000 mortgage on your new home. This mortgage is to be repaid in 360 equal monthly installments. If the stated (nominal)annual interest rate is 14.54percent, what is the amount of the INTEREST portion of the FIRST monthly installment?
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Environmental Health And Safety Audits A Compendium Of Thoughts And Trends
Authors: Lawrence B. Cahill
2nd Edition
1598889737, 978-1598889734
