Question
Suppose you have a 30-year mortgage for $1 million with a 5% interest rate. Assume annual payments with the first payment coming in exactly one
Suppose you have a 30-year mortgage for $1 million with a 5% interest rate. Assume annual payments with the first payment coming in exactly one year. If you make all 30 payments what is the total amount you will have paid?
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
