Question
Problem 6. A 20-year mortgage with monthly payments has a principal outstanding of $125,000. Interest is at 8% compounded semi-annually. What are the monthly payments?
Problem 6. A 20-year mortgage with monthly payments has a principal outstanding of $125,000. Interest is at 8% compounded semi-annually. What are the monthly payments? ANSWER is $1,035.24 but PLEASE SHOW STEPS. TIA
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Problem 7: Ambrin corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. WHat is the present value of this 20 year cash flow? use an 11% discount. ANSWER is $19,038 ... Please solve and show all steps to the answer Thanks in advance:)
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Micro Entrepreneurship And Micro Enterprise Development In Malaysia Emerging Research And Opportunities
Authors: Abdullah Al Mamun , Mohammad Nurul Huda Mazumder, Noor Raihani Zainol, Rajennd Muniady
1st Edition
