Monthly payments on a $150,000 mortgage are based on an interest rate of 6.6% compounded semiannually and
Question:
a. How much will the amortization period be shortened?
b. What will be the principal balance after four years?
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Given PV 150000 i 66 2 33 n 1230 360 c 212 i 2 1 i ...View the full answer
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Muhammad Salman Alvi
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