Question
(P.P) $300,000 (L/V) 85% Term 30 years Monthly payments Interest rate 12% What is the monthly mortgage constant equal to? What is the monthly payment
(P.P) $300,000
(L/V) 85%
Term 30 years Monthly payments
Interest rate 12%
What is the monthly mortgage constant equal to?
What is the monthly payment equal to?
Break that payment down to interest and principle for 3 months
What is the amount paid after 7 years?
What is your loan balance after 7 years?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
