Question
You are refinancing your mortgage. The dealer offers a rate that would make your mortgage payments $1800 per month for the next 20 years. You
You are refinancing your mortgage. The dealer offers a rate that would make your mortgage payments $1800 per month for the next 20 years. You pay your mortgage at the beginning of each month. If your personal discount rate is 6% APR, what is the present value revised mortgage?
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
