Question
What would the monthly payment amount be for a mortgage with an amortization period of 20 years, taken out at 2.94% compounded semi-annually, with
What would the monthly payment amount be for a mortgage with an amortization period of 20 years, taken out at 2.94% compounded semi-annually, with an original principal amount of $400000? Your Answer:
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To calculate the monthly payment amount for a mortgage we can use the formula for the monthly paymen...
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
