Question
Four years ago, you borrowed $265,000 using a 15-year fixed-payment mortgage with a 6% interest rate. If the today's mortgage rate is 4%, what is
Four years ago, you borrowed $265,000 using a 15-year fixed-payment mortgage with a 6% interest rate. If the today's mortgage rate is 4%, what is the market value of the remaining schedule? And if today's mortgage rate is 7% what is the current market value of your loan?
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Health Care Budgeting And Financial Management
Authors: William J. Ward Jr.
2nd Edition
1440833052, 9781440833052
