A $200,000 mortgage at 6.6% compounded semiannually with a 25-year amortization requires monthly payments. The mortgage allows
Question:
a. $10,000?
b. $20,000?
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Given PV 200000 i 66 2 33 n 1225 300 c 2 12 i 2 1 i C 1 1033 1 00...View the full answer
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