Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given
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Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given 5-year fixed rate mortgage with an APR of 4%. she is renewing her mortgage today and rates have dropped to 1.2%. The amortization period of the mortgage is 30 years. What fraction of her 17th payment on the new mortgage will go towards reducing her debt?
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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