Question
1 Youve just taken out the $100,000, 30 yr mortgage at 6%. When will the mortgage be paid in full assuming you add $200 to
1 Youve just taken out the $100,000, 30 yr mortgage at 6%. When will the mortgage be paid in full assuming you add $200 to each monthly payment you make? Solve first for payment, then add $200 to this payment, input the new payment amount into PMT, then (press) solve for N.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
11th Edition
1264413041, 9781264413041
