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5.- Consider a mortgage with maturity 30 years, principal EUR 300,000 and interest rate (annual) 3%. The frequency of payments is monthly, and payments are
5.- Consider a mortgage with maturity 30 years, principal EUR 300,000 and interest rate (annual) 3%. The frequency of payments is monthly, and payments are constant. Compute the principal pending after 20 years of payments. Note: if you do not find the exact answer, mark the closest one. a. 128,800 b. 227,711 c. 130,561 d. 224,639
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