A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are
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A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are $1,000 per month, when will the loan be repaid?
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The loan will be repaid in 81 months Solution n PMTi...View the full answer
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Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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