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Assume that you take a 30-year mortgage for 800,000 at 9 % p.a. It is to be repaid monthly. How long does it take to
Assume that you take a 30-year mortgage for 800,000 at 9 % p.a. It is to be repaid monthly. How long does it take to pay off 40% of the principal (i.e. to have $480, 000 outstanding)?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
