Question
You are purchasing a townhome for $440,000. You are able to obtain a loan with an 85% loan-to-value ratio, a 3.25% interest rate, and 30-year
You are purchasing a townhome for $440,000. You are able to obtain a loan with an 85% loan-to-value ratio, a 3.25% interest rate, and 30-year amortization (compounded monthly). The mortgage constant You are able to determine that the mortgage constant for this loan is
CHOICE ANSWERS
0.537
0.0522
0.0044
0.0444
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
