Question
A fully amortising mortgage loan is made for 668,000 for a term of 15 years with monthly payments. If the interest rate is 17.5%, what
A fully amortising mortgage loan is made for 668,000 for a term of 15 years with monthly payments. If the interest rate is 17.5%, what is the pay rate on this loan?
Please show step by steps calculations( not financial calculator) or use excel and show formulas.ty
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
