Question
CIBC offers a level payment mortgage with 15 years to maturity, 5.5% interest rate, $180,000 loan, monthly payment, and semi-annual compounding. What is the monthly
CIBC offers a level payment mortgage with 15 years to maturity, 5.5% interest rate, $180,000 loan, monthly payment, and semi-annual compounding. What is the monthly payment? (Canadian mortgage calculation)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
