Question
What is the quarterly payment on a $126,000 mortgage loan, repayable over 24 years, if the interest rate is 12% p.a., compounded quarterly? Select one:
What is the quarterly payment on a $126,000 mortgage loan, repayable over 24 years, if the interest rate is 12% p.a., compounded quarterly?
Select one:
a.$4015
b.$3891
c.$235
d.$367
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
