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What is the cash equivalent value of a $400,000 mortgage at a contract interest rate of 6% with annual principal payments of $100,000 for
What is the cash equivalent value of a $400,000 mortgage at a contract interest rate of 6% with annual principal payments of $100,000 for four years, plus the interest that accrued each year? The market rate is 6.5%.
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
