Question
Suppose you obtain a $300,000 fixed rate mortgage at 5.0% fully amortized over 30 years and pay two points. How much interest will you pay
Suppose you obtain a $300,000 fixed rate mortgage at 5.0% fully amortized over 30 years and pay two points. How much interest will you pay during the fourth month of the loan?
Select one:
a. $1,610.46
b. $1,250.00
c. $1,245.48
d. $6,234.92
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
