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You take out a 30-year fixed rate mortgage for $160000 at 4.4% compounded monthly. a) Make a spreadsheet and calculate your monthly payment by experimentation.
You take out a 30-year fixed rate mortgage for $160000 at 4.4% compounded monthly. a) Make a spreadsheet and calculate your monthly payment by experimentation. What is your monthly payment? b) You round your monthly payment up to the nearest hundred dollars. Adjust your spreadsheet. When do you pay off the loan?
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The Politics Of Financial Risk Audit And Regulation
Authors: Atul Shah
1st Edition
1138042358, 978-1138042353
