For $1,000 of mortgage, solve for C1 in In other words, for every $1,000 of loan, you have to pay $8 44 per month For other loan amounts, just rescale the amounts PV C $1,000 1 (1 r) 1 (1 005) 115 12...

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For $1,000 of mortgage, solve for C1 in In other words, for every $1,000 of loan, you have to pay $8 44 per month For other loan amounts, just rescale the amounts PV C $1,000 1 (1 r) 1 (1 005) 115 12 180 0 005 C 118 504 C $8 44...

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For $1,000 of mortgage, solve for C1 in In other words, for every $1,000 of loan, you

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Corporate Finance An Introduction

For $1,000 of mortgage, solve for C1 in In other words, for every $1,000 of loan, you

Question:

PV = C $1,000 = - [1/(1+r)] | [1/(1.005) 115-12-180 0.005 . C 118.504 C $8.44

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Corporate Finance An Introduction