Question
Richard Miyashiro purchased a condominium and obtained a 30-year loan of $198,000 at an annual interest rate of 8.15%. (Round your answers to the nearest
Richard Miyashiro purchased a condominium and obtained a 30-year loan of $198,000 at an annual interest rate of 8.15%. (Round your answers to the nearest cent.)
(a) What is the mortgage payment? $1473.61
(b) What is the total of the payments over the life of the loan? $
(c) Find the amount of interest paid on the mortgage loan over the 30 years. $
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
