Question
A 15-years 200,000 mortgage has a fixed mortgage rate of 14.7 percent. Estimate the interest portion of the payment in the second month. for example,
A 15-years 200,000 mortgage has a fixed mortgage rate of 14.7 percent. Estimate the interest portion of the payment in the second month. for example, if the interest portion in the second month is "361.58," then the answer would be 361.58.
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
