You have taken out a $ 9 5 0 , 0 0 0 loan with an original
Fantastic news! We've Found the answer you've been seeking!
Question:
You have taken out a $ loan with an original term of years. The interest rate is per annum fixed for the first three years, calculated monthly. You are making monthly payments. After years your loan is no longer a fixed rate loan and interest rates rise to due to recent monetary policy tightening. What are your new monthly payments? Assume you wish the original maturity to be unchanged
Posted Date: