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Practice Problem 57 Amir has obtained a $250,000 mortgage. The mortgage is amortized over 25 years and the term of the mortgage is 5 years.
Practice Problem 57 Amir has obtained a $250,000 mortgage. The mortgage is amortized over 25 years and the term of the mortgage is 5 years. The mortgage interest rate is 9% compounded semi-annually. Amir will begin making monthly payments at the end of the month. What is the monthly payment
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Housing Policy And Finance
Authors: John Black, David Stafford
1st Edition
0415004195, 978-0415004190
