Question
Our home loan, based on a rate of 3.24% APR compounded monthly, required 30 years of monthly payments of $1505/month. If we just made our
Our home loan, based on a rate of 3.24% APR compounded monthly, required 30 years of monthly payments of $1505/month. If we just made our 200th monthly payment, what is the balance due on the remainder of the loan? That is, what payment today to the bank would payoff the loan in full?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
