Question
You have a 25-year $400,000 mortgage with a 3.5% rate of interest (compounded semi-annual) that you make monthly payments on. What is the monthly payment?
You have a 25-year $400,000 mortgage with a 3.5% rate of interest (compounded semi-annual) that you make monthly payments on. What is the monthly payment? (2 decimal)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
