Question
A $420,000 mortgage at 4.75% compounded semi-annually was settled with monthly payments of $2435.73 at the end of every month a)Determine the number of payments
A $420,000 mortgage at 4.75% compounded semi-annually was settled with monthly payments of $2435.73 at the end of every month
a)Determine the number of payments
payments
b) Detail the first two payments, the 100th payment, the last two payments and the totals in the chart
PMT #Payment Size. Interest Paid Principal Paid. Balance after PMT
0
1
2
100
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
