What is the monthly payment on a $150,000, 30-year mortgage if the mortgage rate is 5.75 percent?
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What is the monthly payment on a $150,000, 30-year mortgage if the mortgage rate is 5.75 percent? 6.25 percent? 7.5 percent? 9 percent?
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Present Value $150,000 150,000 150,000 150,000 Periods 30 x 12 30 x 12 30 x 12 30 x 12 Interest Rate 5.75%/12 6.25%/12 7.50%/12 9.00%/12 The Payment Will Be $ 875.36 923.58 1,048.82 1,206.93
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Financial Markets And Institutions
ISBN: 9781264098729
8th Edition
Authors: Anthony Saunders, Marcia Cornett
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