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urgent For a 25-year mortgage of $200,000 at 5%% interest, one additional payment of $5,000 is paid on the mortgage after 2 years of making
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For a 25-year mortgage of $200,000 at 5%% interest, one additional payment of $5,000 is paid on the mortgage after 2 years of making regular payments. How many monthly payments will be eliminated from the amortization because of this additional payment? 7 12 25 14 Step by Step Solution
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Valuation Workbook
Authors: Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, McKinsey & Company
4th Edition
0471702161, 978-0471702160
