Question: Mortgage Calculations Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $412088.4. Submit Answers Monthly PMT
Mortgage Calculations Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $412088.4. Submit Answers Monthly PMT from Section 4 (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) 2443.22 Mortgage Rate As % (V/Y) Present Value of Loan (PV Value At End of Loan (FV) 3.75 Question 1: Question 2: Payment Frequency 1 Weekly Formulas for coverting payment frequencies are in Chapter 7 of your textbook Payment Frequency 2 Accel. Bi-Weekly P/Y -C// P/Y c/Y Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years 2 Decimals) Amortization in Years (2 Decimal)
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