Question
Suppose you make monthly mortgage payments of $1,345 and have11 years lefton the mortgage (next payment due next month). Assuming a 4.5% stated annual interest
Suppose you make monthly mortgage payments of $1,345 and have11 years lefton the mortgage (next payment due next month). Assuming a 4.5% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage?
I found the answer on course hero, but I would like to know how to put it in the calculator.
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
