Question
Assuming a Mortgage for 10 years for 100,000 with 4 percent annual interest which is paid monthly what is the PV of the Principal Part
Assuming a Mortgage for 10 years for 100,000 with 4 percent annual interest which is paid monthly what is the PV of the Principal Part of the Payment paid on the 13-th payment?
Round to the nearest Dollar amount please
| 1. | NONE OF THE ABOVE | |
| 2. | 699 | |
| 3. | 677 | |
| 4. | 654 |
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
