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How do you solve the below question in excel using excel formulas? Assume that you take out a 30-year mortgage (360 months) with a face
How do you solve the below question in excel using excel formulas?
Assume that you take out a 30-year mortgage (360 months) with a face value of $425,000 and a stated annual rate of 4.14%. Given this information, and assuming no prepayments, determine what percentage of your 1530 monthly payment will go towards interest
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
