Question
Use the annuity formula to calculate the monthly mortgage payment on a $600,000, thirty-year home mortgage if the annual rate is 6%. Assuming you paid
Use the annuity formula to calculate the monthly mortgage payment on a $600,000, thirty-year home mortgage if the annual rate is 6%. Assuming you paid off your mortgage over thirty years, how much total interest (in dollars) did you pay?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
