Question: Cersei took out a 12-year fully amortizing constant payment mortgage of $ 568734 to buy an apartment. The nominal interest rate of the mortgage equals
Cersei took out a 12-year fully amortizing constant payment mortgage of $ 568734 to buy an apartment. The nominal interest rate of the mortgage equals 8.61 % p.a., compounded monthly. Her monthly payment equals $____. Keep at least two digits after the decimal point
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
