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Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.10%. What portion of the payments during the first
Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.10%. What portion of the payments during the first 28 months goes toward principal?
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
