Question
kindly explain with details for the below two questions 1- Curtis bought a condominium for $319 000 and made a down payment of $64 000.
kindly explain with details for the below two questions
1- Curtis bought a condominium for $319 000 and made a down payment of $64 000. The annual interest rate for a five-year fixed rate mortgage is 5.49%. Determine the monthly payment for a 25-year amortization period.
2- Curtis bought a condominium for $319 000 and made a down payment of $64 000. The annual interest rate for a five-year fixed rate mortgage is 5.49%. Curtis has a choice between a 20-year amortization period and a 25-year amortization period. How much less will Curtis pay by choosing the 20-year amortization period?
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MP Auditing And Assurance Services W/ACL Software CD ROM A Systematic Approach
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
9th Edition
1259162346, 978-1259162343
