The original mortgage balance (MB 0 ) is $350,000; and, the number of months of the mortgage
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The original mortgage balance (MB0) is $350,000; and, the number of months of the mortgage loan (n) is 360. The original mortgage balance (MB0) is $350,000; and, the number of months of the mortgage loan (n) is 360. What is the effective annual rate on the loan?
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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