Consider a $500,000 mortgage amortized over 25 years at an interest rate of 4% per year...
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Consider a $500,000 mortgage amortized over 25 years at an interest rate of 4% per year compounded semi-annually. How much interest, over the life of the mortgage, would you save if you made your payment biweekly (26 times per year) instead of monthly (12 times per year). Consider a $500,000 mortgage amortized over 25 years at an interest rate of 4% per year compounded semi-annually. How much interest, over the life of the mortgage, would you save if you made your payment biweekly (26 times per year) instead of monthly (12 times per year).
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To calculate how much interest you would save by making biweekly payments instead of monthly payments on a 500000 mortgage amortized over 25 years at ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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