Question: Is this correct? Given a 3.99% compounded sem: - annsal rate, what is the monthly payment for a $300,000 mortgoge with an amortization of 30

Is this correct?

Given a 3.99% compounded sem: - annsal rate, what is the monthly payment for a $300,000 mortgoge with an amortization of 30 years? 3012 N=360 FV =0 CPT PMT =876.64 If interest rates go up to 8%, what is the new payment amant? N=360 FV=0 CPT PMT =921.33 CPTEFF =8.16/12=0.68

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