Question
The balance of a mortgage loan after 60 months is $138,959. If the interest rate is 8.50% and the initial amortisation period is spread over
The balance of a mortgage loan after 60 months is $138,959. If the interest rate is 8.50% and the initial
amortisation period is spread over 25 years, what was the original amount of the mortgage loan?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
