Question: ( Do not round intermediate calculations and round your final answer to 2 decimal places. ) A mortgage broker offers to sell you a mortgage
Do not round intermediate calculations and round your final answer to decimal places.
A mortgage broker offers to sell you a mortgage loan contract delivering SemiAnnuallyend payments of $ for the next years to you. At that point, the principal balance of $ is due and payable to you. What should you pay for the contract, if you require a return of compounded Monthly?
ALL VALUE PUT IN AS POSITIVE
FV
PV
IY
PY
CY
N
PMT
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