Question
The interest rate on a $225,000 mortgage loan is 6% compounded semiannually. Calculate the monthly payment for each of 20-year, 25-year and a 30-year amortization.
The interest rate on a $225,000 mortgage loan is 6% compounded semiannually. Calculate the monthly payment for each of 20-year, 25-year and a 30-year amortization.
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
