Question
You are arranging a $363,000 Canadian mortgage with a 26-year amortization period and a 6.65% posted interest rate. What is the monthly mortgage payment? Suppose
You are arranging a $363,000 Canadian mortgage with a 26-year amortization period and a 6.65% posted interest rate. What is the monthly mortgage payment?
Suppose the bank offers you the opportunity to pay your monthly payments in two equal instalments (pay one-half of the monthly payment every 2 weeks). How much faster will you pay off your mortgage this way?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
