Question
Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $125,000 with payments to
Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $125,000 with payments to be made monthly. The contract rate is 6.25%. Compute the monthly payment. Round your answer to two decimals.
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
