A bank has offered you a $500,000 mortgage at a quoted rate of 4%. The mortgage calls for monthly payments based on a 20-year amortization
A bank has offered you a $500,000 mortgage at a quoted rate of 4%. The mortgage calls for monthly payments based on a 20-year amortization period. What discount rate would you use to find the amount of your monthly payments?
round to 2 decimals
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Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
