Question
Please determine the amortization for the following two payment frequencies using the mortgage amount 322595 Hint ( solve for N and adjust your mortgage payment
Please determine the amortization for the following two payment frequencies using the mortgage amount 322595
Hint ( solve for N and adjust your mortgage payment from section 4. Make sure your PMT is negative)
Monthly payment from section 4: 1912.63
mortgage rate 3.75
present value
future value -
payment frequency 1 weekly
p/y______
c/y________
number of period ________
payment __________
Amortization in year (2 decimal)__________
pyment frequency 2 accel. Bi weekly
P/y ___________
C/y ___________
number of period _______
payment_________
amortization in year ( 2 decimal )
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started