Question
Use your financial calculator to determine the monthly payments for each of the following $83,500 mortgage loans. Assume no prepayments. a. 30-year fixed at8.5 percent
Use your financial calculator to determine the monthly payments for each of the following $83,500 mortgage loans. Assume no prepayments.
a. 30-year fixed at8.5 percent
b. 15-year fixed at 7.5 percent
c. 20-year fixed at 8 percent
Question 1 - a. The monthly payment, PMT, on the 30-year loan is ?$ (Round to the nearest cent.)
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
