Question
The Dead Flowers Mortgage Company is offering a 30 year home mortgage at a 4.56% interest rate compounded monthly. If you borrwed $184,500 from Dead
The Dead Flowers Mortgage Company is offering a 30 year home mortgage at a 4.56% interest rate compounded monthly. If you borrwed $184,500 from Dead Flowers and are required to make monthly payment, how much of your first monthly payment will go toward the principal of the loan?
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Calculating the exact amount going towards the principal in the first month for a fixedrate mortgage with monthly compounding requires a formula Heres ...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
