Question
You borrow $280,000.00 that charges you 4.5% interest, compounded monthly. You will make payments monthly in the amount of $1,800.00. How many payments will it
You borrow $280,000.00 that charges you 4.5% interest, compounded monthly. You will make payments monthly in the amount of $1,800.00. How many payments will it take for you to pay off the loan? It will take monthly payments. (Round to 2 decimal places.)
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
