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A $485,000 house is to be purchased for 25% down and monthly payments of $1575 for as long as necessary. If the interest rate
A $485,000 house is to be purchased for 25% down and monthly payments of $1575 for as long as necessary. If the interest rate on the mortgage is 2.4% compounded semi-annually, how long will it take to pay off the mortgage. (Give your answer in years and months.)
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Effective monthly rate 1 0024216 1 Effective monthly rate 0001990072...
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
