Question: please i need it with formula and without excel or computer programs A thirty year monthly payment mortgage loan for 500,000 is offered at a
A thirty year monthly payment mortgage loan for 500,000 is offered at a nominal rate of 8.4% convertible monthly. Find the a) Monthly payment, b) The total principal and interest that would be paid on the loan over 30 years c) The balance in 5 years and d) The principal and interest paid over the first 5 years
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