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A bank has offered a 30-year, $250,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments, with the first payment due
A bank has offered a 30-year, $250,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments, with the first payment due 1 week from today. (Q) How much will the weekly payments be? "I sort of know how to answer this question as I'm trying to solve for unknown c (cashflow) and PV of annuity but I need to find the EWR or EAR and EWR first
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