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A client has to repay a mortgage of $ 1000,000.00 in monthly payments during the next 20 years. The annuities are equal, the interest rate
- A client has to repay a mortgage of $ 1000,000.00 in monthly payments during the next 20 years. The annuities are equal, the interest rate is 8 % per annum with the interests calculated every month. Define the amount of monthly payments (anuity, interest, amortization, remaining debt just the first row in the amortization table).
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
