Question
Suppose you make monthly mortgage payments of $2,545 and have 12 years left on the mortgage (next payment due next month). Assuming a 5.6% stated
Suppose you make monthly mortgage payments of $2,545 and have 12 years left on the mortgage (next payment due next month). Assuming a 5.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
