Question
Jeremy takes out a 30-year mortgage of 210000 dollars at an annual interest rate of 7.5 percent compounded monthly, with the first payment due in
Jeremy takes out a 30-year mortgage of 210000 dollars at an annual interest rate of 7.5 percent compounded monthly, with the first payment due in one month. How much does he owe on the loan immediately after the 87th payment?
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
