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Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $700,000 borrowed at 2% for 8
Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $700,000 borrowed at 2% for 8 years, with quarterly payments PMT = $ 7,896.61 Need Help? Read It Watch It Submit Answer 8. [0/1 Points] DETAILS MY NOTES PREVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER Determine the outstanding principal of the given mortgage. HINT [See Example 7.] (Assume monthly interest pay and compounding periods. Round your answer to the nearest cent.) a $100,000, 36-year, 4.2% mortgage after 10 years. 85,714.62 X
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
