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MORTGAGE Assume that you are provided with a 5% of the final amount as a down payment towards purchasing your future home. Using research
MORTGAGE Assume that you are provided with a 5% of the final amount as a down payment towards purchasing your future home. Using research and the TVM Solver, calculate your monthly mortgage payments. Find 2 options. Record your findings in the table provided below. What is the name of the bank? ID canada trust What is your borrowed mortgage amount? What is the interest rate? 5% per year 410.000 What is the amortization period to repay the mortgage? 297900+12=24,825 Mortgage Option #1 Amortization= years i'd say 24 years to repay the mortgage Mortgage Option #2 Amortization years N= x12 1%- PV= PMT= FV= P/Y= C/Y= Begin/End Int (1, =
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