Question
Dominic takes out a 30-year mortgage of 190000 dollars at a nominal rate of interest of 7.08 percent convertible monthly, with the first payment due
Dominic takes out a 30-year mortgage of 190000 dollars at a nominal rate of interest of 7.08 percent convertible monthly, with the first payment due in one month. How much does he owe on the loan immediately after the 110th payment?
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Global Corporate Finance A Focused Approach
Authors: Kenneth A. Kim
1st Edition
9814335827, 9789814335829
