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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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
