Question
You bought a ski chalet at Mount Tremblant for $300,000. You borrow the full amount over a 20-year term. The bank quotes you a rate
You bought a ski chalet at Mount Tremblant for
$300,000.
You borrow the full amount over a
20-year
term. The bank quotes you a rate of
6.7%.
You choose to make
26
payments per year. Over the life of the mortgage, what is the total amount of interest that you pay?
The total amount of interest paid over the life of the mortgage is
$enter your response here
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
