What would be the sum of all the payments made (i.e., total $s paid over the...
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What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $249,000 with an interest rate of 7.9% per annum, term of 30 years, and monthly payments. (Round to nearest penny and enter, for example, as 123456.78) What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $249,000 with an interest rate of 7.9% per annum, term of 30 years, and monthly payments. (Round to nearest penny and enter, for example, as 123456.78)
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To calculate the total payments made over the 30 years we first need to calculate the monthly paymen... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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