Question
Prepare an amortization schedule for the mortgage of a house of 500,000 with 20% down payment. Interest rate is 5% compounded semiannually. The payments are
Prepare an amortization schedule for the mortgage of a house of 500,000 with 20% down payment. Interest rate is 5% compounded semiannually. The payments are done on monthly-basis for 2 years
I just want to know amount paid and the first interest paid and Interest per year.
I need detail explanation only with using formula, no excel or fianacial calculator.
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Corporate Finance Theory And Practice
Authors: Aswath Damodaran
2nd Edition
0471283320, 9780471283324
