Question
You have a 16 year, 8%, fully amortized mortgage. What fraction of the payment made in the 10th payment will represent the interest? (Note: the
You have a 16 year, 8%, fully amortized mortgage. What fraction of the payment made in the 10th payment will represent the interest? (Note: the mortgage rate is quoted as APR compounded monthly. Please retain at least six places of a decimal in your calculation.
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Long Term Care Your Financial Planning Guide
Authors: Phyllis Shelton
1st Edition
978-0963351692
