Question
A mortgage is being paid with level monthly payments, which pay off the interest for that month, and provide some repayment of the principal. If
A mortgage is being paid with level monthly payments, which pay off the interest for that month, and provide
some repayment of the principal. If the principal repayment in two successive months is $3200.00 and $3219.89, what is the nominal annual interest rate?
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The Public Private Partnership Handbook
Authors: Malcolm Morley
1st Edition
0749474262, 978-0749474263
