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Danny took out of a 27 -year fully-amortizing mortgage of $638,891 to buy a house. Her monthly payment equals $3557. The interest rate of this
Danny took out of a 27 -year fully-amortizing mortgage of $638,891 to buy a house. Her monthly payment equals $3557. The interest rate of this mortgage is % per annum, compounded monthly. Keep at least two digits after the decimal point. QUESTION 9 Ellen took out a 30-year interest-only mortgage of $117672 to purchase a condo. The interest rate is 5.93% per year, compounded daily. She pays an equal amount every month. % of the 121 -th monthly payment goes to the interest
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