Question
A $150,000 mortgage at 3.5% compounded semi-annually with a 20 year amortization requires monthly payments. How much will the amortization period be shortened by if
A $150,000 mortgage at 3.5% compounded semi-annually with a 20 year amortization requires monthly payments. How much will the amortization period be shortened by if a prepayment of $13,000 is made at the end of the fourth year?
| PMT Setting | |||
| N | |||
| I/Y | |||
| P/Y | |||
| C/Y | |||
| PV | |||
| PMT | |||
| FV |
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Wealth Habits Six Ordinary Steps To Achieve Extraordinary Financial Freedom
Authors: Candy Valentino
1st Edition
1394152299, 978-1394152292
