Question
Assume 30-year maturity that interest is 7.00% for the market rate of interest and a mortgage balance of $390,000.00. What will the balance of the
Assume 30-year maturity that interest is 7.00% for the market rate of interest and a mortgage balance of $390,000.00. What will the balance of the mortgage be after 21.00 years?
| a. $3,165,434.02 | ||
| b. $2,594.68 | ||
| c. $3,930,656.85 | ||
| d. $207,470.20 |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
