Question
What will be the balance after the second monthly payment on a home mortgage of $75,000 at 12% interest, to be amortized over 30 years?
What will be the balance after the second monthly payment on a home mortgage of $75,000 at 12% interest, to be amortized over 30 years? After 20th?
Please show detailed work with formulas and what each part of the formula means as I am very confused how to even approach this problem.
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Hedging Commodities A Practical Guide To Hedging Strategies With Futures And Options
Authors: Slobodan Jovanovic
1st Edition
0857193198, 978-0857193193
