Question
Find the monthly payment needed to amortize a typical $150,000 mortgage loan amortized over 30 years at an annual interest rate of 4.9% compounded monthly.
Find the monthly payment needed to amortize a typical $150,000 mortgage loan amortized over 30 years at an annual interest rate of 4.9% compounded monthly. (Round your answers to the nearest cent.) And what's the total interest rate paid on the loan?
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
