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I want to know how to calculate N and AMORT, please give me formula and steps 10. Select a mortgage payment from question 9 (i.e.
I want to know how to calculate N and AMORT, please give me formula and steps
10. Select a mortgage payment from question 9 (i.e. the one you think you would be comfortable in making if you were truly financing this home), and complete the following chart by calculating the new mortgage payment and the new amortization if you change the payment frequency. (3 marks) Mortgage Payment Frequency 20 year amortization Monthly Mortgage Payment: $3,327 Calculator |Semi-monthlyBi-weeklyAccelerated bi-weekly P/Y 24 26 C/Y 518.63 6.09% $463, 920 478.84 I/Y PV $463,920 PMT FV 447.78 6.09% $463, 920 $ 1 ,663.73 6.09% S1,663.73-$1,535.77 AMORT 19.95 19.95 17.22 10. Select a mortgage payment from question 9 (i.e. the one you think you would be comfortable in making if you were truly financing this home), and complete the following chart by calculating the new mortgage payment and the new amortization if you change the payment frequency. (3 marks) Mortgage Payment Frequency 20 year amortization Monthly Mortgage Payment: $3,327 Calculator |Semi-monthlyBi-weeklyAccelerated bi-weekly P/Y 24 26 C/Y 518.63 6.09% $463, 920 478.84 I/Y PV $463,920 PMT FV 447.78 6.09% $463, 920 $ 1 ,663.73 6.09% S1,663.73-$1,535.77 AMORT 19.95 19.95 17.22Step by Step Solution
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