Please determine the amortization for the following two payment frequencies using the mortgage amount: $383332. (HINT: Solve
Fantastic news! We've Found the answer you've been seeking!
Question:
Please determine the amortization for the following two payment frequencies using the mortgage amount: $383332. (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.)
Mortgage Rate As % (1/Y) 3.75
Value At End of Loan (FV) Present Value of Loan (PV)
Question 1: Payment Frequency 1 Weekly P/Y C/Y 52 2 Number of Periods (N) Payment (PMT) Amortization in Years (2 Decimals)
Question 2: Payment Frequency 2 Accel. Bi-Weekly P/Y C/Y 26 | 2 Number of Periods (N) Payment (PMT) Amortization in Years (2 Decimals)-
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: