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For a 20-year mortgage of $150,000 at 7% interest, one additional payment of $5,000 is paid on the mortgage after 2 years of making regular
For a 20-year mortgage of $150,000 at 7% interest, one additional payment of $5,000 is paid on the mortgage after 2 years of making regular payments. How many monthly payments will be eliminated from the amortization because of this additional payment
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To determine the number of monthly payments that will be eliminated from the amortization schedule due to the additional payment of 5000 after 2 years ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
