Question
The Frugals buy a home and assume a $190,000 30-year mortgage @ j (12) = 8 %. They decide to amortize the debt quicker, and
The Frugals buy a home and assume a $190,000 30-year mortgage @ j (12) = 8 %.
They decide to amortize the debt quicker, and they pay an extra $400 toward
principal each month. How long will it take them to retire their mortgage?
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
