Mr. George is thinking about getting a $20,000 second mortgage on his house to help him finance an afterhours software project so he can make some extra money outside of work. He is looking at a 5-year mortgage with fixed 12% (annual) interest. Assume this loan allows him to make annual payments. 

Draw the cash flow diagram for this situation.

Answer rating: 100% (QA)

Certainly Here is the cash flow diagram for Mr Georges situ... View the full answer