Question
A bank has offered you a $400,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments based on a 25-year amortization
A bank has offered you a $400,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments based on a 25-year amortization period. What discount rate would you use to find the amount of your weekly payments?
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
