A fully amortizing constant payment mortgage is made for $320,000 at 5% over 30 years. What are
Fantastic news! We've Found the answer you've been seeking!
Question:
A fully amortizing constant payment mortgage is made for $320,000 at 5% over 30years. What are the payments on the loan? What is the outstanding balance after20 years? How much will you have paid in total interest and principal over those 20years?
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date: