Question
You have a 30-year $350,000 mortgage with a 4.5% rate of interest (compounded semi-annually) on which you make monthly payments. How much interest would you
You have a 30-year $350,000 mortgage with a 4.5% rate of interest
(compounded semi-annually) on which you make monthly payments. How much interest would you save if you made an additional $30,000 down payment today?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
