Question
Seema takes out a 4 year mortgage for $1,125,000 at an interest rate of i (12) = 2.625%. The amortization period is 20 years and
Seema takes out a 4 year mortgage for $1,125,000 at an interest rate of i(12) = 2.625%. The amortization period is 20 years and she will make monthly payments. What is the outstanding balance at the end of 2 years?
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
