Question
A mortgage of $350,000 is amortized over 25 years at 5.25% per year, compounded semi-annually. a) Calculate the regular monthly payment for the amortization period.
A mortgage of $350,000 is amortized over 25 years at 5.25% per year, compounded semi-annually.
a) Calculate the regular monthly payment for the amortization period. Round to two decimal places.
b) How much interest is paid over the amortization period?
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
