Question
If the monthly payment is $8,750.00 for a 30-year fully amortizing mortgage that has an annual interest rate of 4.75%, what is the initial loan
If the monthly payment is $8,750.00 for a 30-year fully amortizing mortgage that has an annual interest rate of 4.75%, what is the initial loan amount?
Group of answer choices
$1,677,378
$1,647,576
$1,707,378
$1,727,342
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
