Question: Please help solve. I will leave a thumbs up! Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 6.625%. If
Please help solve. I will leave a thumbs up!
Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 6.625%. If you plan to borrow $350,000, what will your monthly payment be? (Note: Be careful not to round any intermediate steps less than six decimal places.) *** Your monthly payment will be $ (Round to the nearest cent.)
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