solve in excel document Condo Mortgage A $625,525 condo mortgage at 2.819% compounded semi-annually is settled with
Fantastic news! We've Found the answer you've been seeking!
Question:
solve in excel document
Condo Mortgage A $625,525 condo mortgage at 2.819% compounded semi-annually is settled with monthly payments of $3125.00. What is the amortization period of the condo mortgage in years and months? (Include separate intermediate calculations.) Instead of monthly payments, if accelerated bi-weekly payments of $1562.50 are made, what will be the amortization period in years and weeks? (Include separate intermediate calculations.) How much interest will be saved if accelerated bi-weekly payments are made as stated above, instead of monthly payments? (Include separate calculations for final payment and total interest charged for each scenario). Condo Mortgage A $625,525 condo mortgage at 2.819% compounded semi-annually is settled with monthly payments of $3125.00. What is the amortization period of the condo mortgage in years and months? (Include separate intermediate calculations.) Instead of monthly payments, if accelerated bi-weekly payments of $1562.50 are made, what will be the amortization period in years and weeks? (Include separate intermediate calculations.) How much interest will be saved if accelerated bi-weekly payments are made as stated above, instead of monthly payments? (Include separate calculations for final payment and total interest charged for each scenario)
Posted Date: