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You obtain a 30-year home mortgage and your monthly payment is $3000.00. Instead of paying monthly as required, you ask the bank to allow
You obtain a 30-year home mortgage and your monthly payment is $3000.00. Instead of paying monthly as required, you ask the bank to allow you to pay $36,000 at the end of each year; the bank rejects that idea but says you could pay $36,000 at beginning of each year. Why does the bank reject your proposal and would you accept bank's suggestion?
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The bank rejects your proposal to pay 36000 at the end of each year because it would disrupt the reg...
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
