Question
You took a fixed-rate mortgage three years ago for $95,000 at 6.00% for 30 years, two discount points. Since your income is now higher you
You took a fixed-rate mortgage three years ago for $95,000 at 6.00% for 30 years, two discount points. Since your income is now higher you plan to pay an extra $125 per month on top of your normal payment. How many of the new payments are required to repay the loan?
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Step 12 A1 2 Mortgage Amount pv is 3 Number of monthly repayments np er 3012 4 5 6 monthly payment f...
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
