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Mortgage exercise - TL400,000 mortgage, 120 months, 0.87% monthy interest rate - Find monthly payments - Suppose you paid 50 installments. How much did you

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Mortgage exercise - TL400,000 mortgage, 120 months, 0.87% monthy interest rate - Find monthly payments - Suppose you paid 50 installments. How much did you pay in total? - What is your debt outstanding? - If you refinance, you pay 2% penalty. Suppose a bank offers mortgage at 0.65%. How much would you save in today's value

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